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

Quilcene Oysteria

Flexible Budget

For the Month Ended August 31Actual pounds (q)7,500Revenue ($4.05q)$30,375Expenses:Packing supplies ($0.40q)3,000Oyster bed maintenance ($3,500)3,500Wages and salaries ($2,100 + $0.40q)5,100Shipping ($0.75q)5,625Utilities ($1,300)1,300Other ($480 + $0.01q)555Total expense19,080Net operating income$11,295

The actual results for August appear below:

Quilcene Oysteria

Income Statement

For the Month Ended August 31Actual pounds7,500Revenue$26,900Expenses:Packing supplies3,170Oyster bed maintenance3,360Wages and salaries5,510Shipping5,355Utilities1,110Other1,175Total expense19,680Net operating income$7,220

Required:

Compute 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.)