Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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)		7,600
Revenue ($4.05q)	$	30,780
Expenses:
Packing supplies ($0.30q)		2,280
Oyster bed maintenance ($3,200)		3,200
Wages and salaries ($2,100 + $0.40q)		5,140
Shipping ($0.70q)		5,320
Utilities ($1,230)		1,230
Other ($400 + $0.01q)		476
Total expense		17,646
Net operating income	$	13,134

The actual results for August appear below:

Quilcene Oysteria Income Statement For the Month Ended August 31
Actual pounds		7,600
Revenue	$	27,400
Expenses:
Packing supplies		2,450
Oyster bed maintenance		3,060
Wages and salaries		5,550
Shipping		5,050
Utilities		1,040
Other		1,096
Total expense		18,246
Net operating income	$	9,154

Required:

Compute 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