Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 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) 7,900 Revenue ($4.15q) $ 32,785 Expenses: Packing supplies ($0.40q) 3,160 Oyster bed maintenance ($3,200) 3,200 Wages and salaries ($2,000 + $0.30q) 4,370 Shipping ($0.80q) 6,320 Utilities ($1,250) 1,250 Other ($470 + $0.01q) 549 Total expense 18,849 Net operating income $ 13,936

The actual results for August appear below:

Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,900 Revenue $ 26,600 Expenses: Packing supplies 3,330 Oyster bed maintenance 3,060 Wages and salaries 4,780 Shipping 6,050 Utilities 1,060 Other 1,169 Total expense 19,449 Net operating income $ 7,151

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.)

For The Month Ended August 31
Revenue
Expenses:
Packing Supplies
Oyster Bed Supplies
Wages and salaries
Shipping
Utilities
Other
Total expense
Net Operating Income