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 Actual pounds ( q ) 7,500 Revenue ($4 10 q ) $ 30,750 Expenses Packing supplies ($0 30 q ) 2,250 Oyster bed maintenance ($3,400) 3,400 Wages and salaries ($2,200 $0 40 q ) 5,200 Shipping ($0 70 q ) 5,250 Utilities ($1,250) 1,250 Other ($450 $0 01 q ) 525 Total expense 17,875 Net operating income $ 12,875 The actual results for August were as follows Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $ 27,100 Expenses Packing supplies 2,420 Oyster bed maintenance 3,260 Wages and salaries 5,610 Shipping 4,980 Utilities 1,060 Other 1,145 Total expense 18,475 Net operating income $ 8,625 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 )

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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

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:

Actual pounds (q)	7,500
Revenue ($4.10q)	$ 30,750
Expenses:
Packing supplies ($0.30q)	2,250
Oyster bed maintenance ($3,400)	3,400
Wages and salaries ($2,200 + $0.40q)	5,200
Shipping ($0.70q)	5,250
Utilities ($1,250)	1,250
Other ($450 + $0.01q)	525
Total expense	17,875
Net operating income	$ 12,875

The actual results for August were as follows:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds	7,500
Revenue	$ 27,100
Expenses:
Packing supplies	2,420
Oyster bed maintenance	3,260
Wages and salaries	5,610
Shipping	4,980
Utilities	1,060
Other	1,145
Total expense	18,475
Net operating income	$ 8,625

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.)