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 ($4.15q)	$	31,125
Expenses:
Packing supplies ($0.35q)		2,625
Oyster bed maintenance ($3,200)		3,200
Wages and salaries ($2,100 + $0.40q)		5,100
Shipping ($0.65q)		4,875
Utilities ($1,290)		1,290
Other ($400 + $0.01q)		475
Total expense		17,565
Net operating income	$	13,560

The actual results for August were as follows:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,500
Revenue	$	26,700
Expenses:
Packing supplies		2,795
Oyster bed maintenance		3,060
Wages and salaries		5,510
Shipping		4,605
Utilities		1,100
Other		1,095
Total expense		18,165
Net operating income	$	8,535

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