Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 pounds of oysters in August. The companys flexible budget for August appears below:

Quilcene Oysteria
Flexible Budget
For the Month Ended August 31
Actual pounds (q)		7,500
Revenue ($4.15q)	$	31,125
Expenses:
Packing supplies ($0.35q)		2,625
Oyster bed maintenance ($3,300)		3,300
Wages and salaries ($2,500 + $0.30q)		4,750
Shipping ($0.65q)		4,875
Utilities ($1,280)		1,280
Other ($400 + $0.01q)		475
Total expense		17,305
Net operating income	$	13,820

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,500
Revenue	$	27,400
Expenses:
Packing supplies		2,795
Oyster bed maintenance		3,160
Wages and salaries		5,160
Shipping		4,605
Utilities		1,090
Other		1,095
Total expense		17,905
Net operating income	$	9,495

Required:

Calculate the companys revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Quilcene Oysteria
Revenue and Spending Variances
For the Month Ended August 31
Revenue
Expenses:
Packing supplies
Oyster bed maintenance
Wages and salaries
Shipping
Utilities
Other
Total expense
Net operating income