Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below:

Quilcene OysteriaFlexible BudgetFor the Month Ended August 31

Actual pounds (q)7,300

Revenue ($4.25q)$31,025

Expenses:

Packing supplies ($0.35q)2,555

Oyster bed maintenance ($3,100)3,100

Wages and salaries ($2,600 + $0.40q)5,520

Shipping ($0.75q)5,475

Utilities ($1,230)1,230

Other ($410 + $0.01q)483

Total expense18,363

Net operating income$12,662

The actual results for August appear below:

Quilcene OysteriaIncome StatementFor the Month Ended August 31

Actual pounds7,300

Revenue$26,500

Expenses:

Packing supplies2,725

Oyster bed maintenance2,960

Wages and salaries5,930

Shipping5,205

Utilities1,040

Other1,103

Total expense18,963

Net operating income$7,537

Required:

Calculate the company's 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.)