Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold $7,700$ pounds of oysters in August. The company$$s flexible budget for August appears below:

Quilcene Oysteria

Flexible Budget

For the Month Ended August $31$

Actual pounds $($q$)7,700$

Revenue $($$$4\mathrm{.}10$q$)$ $ $31,570$

Expenses:

Packing supplies $($$$0\mathrm{.}35$q$)2,695$

Oyster bed maintenance $($$$3,200)3,200$

Wages and salaries $($$$2,500+$ $$0\mathrm{.}30$q$)4,810$

Shipping $($$$0\mathrm{.}65$q$)5,005$

Utilities $($$$1,210)1,210$

Other $($$$500+$ $$0\mathrm{.}01$q$)577$

Total expenses $17,497$

Net operating income $ $14,073$

The actual results for August were as follows:

Quilcene Oysteria

Income Statement

For the Month Ended August $31$

Actual pounds $7,700$

Revenue $ $26,800$

Expenses:

Packing supplies $2,865$

Oyster bed maintenance $3,060$

Wages and salaries $5,220$

Shipping $4,735$

Utilities $1,020$

Other $1,197$

Total expenses $18,097$

Net operating income $ $8,703$

Required:

Calculate the company$$s revenue and spending variances for August.

Note: 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.Required:

Calculate the company's revenue and spending variances for August.

Note: 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.