Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold $7,700$ 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$)7,700$

Revenue $($$$4\mathrm{.}20$q$)$ $ $32,340$

Expenses:

Packing supplies $($$$0\mathrm{.}30$q$)2,310$

Oyster bed maintenance $($$$3,000)3,000$

Wages and salaries $($$$2,000+$ $$0\mathrm{.}30$q$)4,310$

Shipping $($$$0\mathrm{.}75$q$)5,775$

Utilities $($$$1,270)1,270$

Other $($$$490+$ $$0\mathrm{.}01$q$)567$

Total expense $17,232$

Net operating income $ $15,108$

The actual results for August appear below:

Quilcene Oysteria

Income Statement

For the Month Ended August $31$

Actual pounds $7,700$

Revenue $ $26,800$

Expenses:

Packing supplies $2,480$

Oyster bed maintenance $2,860$

Wages and salaries $4,720$

Shipping $5,505$

Utilities $1,080$

Other $1,187$

Total expense $17,832$

Net operating income $ $8,968$

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

Flexible Budget

For the Month Ended August $31$

Actual pou$=$

Expenses:

Packing supplies$=$

Oyster bed maintenance $=$

Wages and salaries $=$

Shipping$=$

Total expense $=$

Net operating income $=$