Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 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)		7,500
Revenue ($4.20q)	$	31,500
Expenses:
Packing supplies ($0.35q)		2,625
Oyster bed maintenance ($3,400)		3,400
Wages and salaries ($2,500 + $0.40q)		5,500
Shipping ($0.75q)		5,625
Utilities ($1,230)		1,230
Other ($500 + $0.01q)		575
Total expense		18,955
Net operating income	$	12,545

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,500
Revenue	$	26,800
Expenses:
Packing supplies		2,795
Oyster bed maintenance		3,260
Wages and salaries		5,910
Shipping		5,355
Utilities		1,040
Other		1,195
Total expense		19,555
Net operating income	$	7,245

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.)

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