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 ($3,100)		3,100
Wages and salaries ($2,100 + $0.35q)		4,725
Shipping ($0.55q)		4,125
Utilities ($1,230)		1,230
Other ($500 + $0.01q)		575
Total expense		16,380
Net operating income	$	15,120

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,500
Revenue	$	26,600
Expenses:
Packing supplies		2,795
Oyster bed maintenance		2,960
Wages and salaries		5,135
Shipping		3,855
Utilities		1,040
Other		1,195
Total expense		16,980
Net operating income	$	9,620

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