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 ($4.20q)	$ 31,920
Expenses:
Packing supplies ($0.35q)	2,660
Oyster bed maintenance ($3,400)	3,400
Wages and salaries ($2,200 + $0.45q)	5,620
Shipping ($0.55q)	4,180
Utilities ($1,250)	1,250
Other ($510 + $0.01q)	586
Total expense	17,696
Net operating income	$ 14,224

The actual results for August were as follows:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds	7,600
Revenue	$ 27,000
Expenses:
Packing supplies	2,830
Oyster bed maintenance	3,260
Wages and salaries	6,030
Shipping	3,910
Utilities	1,060
Other	1,206
Total expense	18,296
Net operating income	$ 8,704

Required:

Calculate 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.)

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.) 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