Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold $7,300$ 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$)7,300$

Revenue $($$$4\mathrm{.}15$q$)$ $ $30,295$

Expenses:

Packing supplies $($$$0\mathrm{.}35$q$)2,555$

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

Wages and salaries $($$$2,600+$ $$0\mathrm{.}35$q$)5,155$

Shipping $($$$0\mathrm{.}60$q$)4,380$

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

Other $($$$430+$ $$0\mathrm{.}01$q$)503$

Total expense $16,863$

Net operating income $ $13,432$

The actual results for August were as follows:

Quilcene Oysteria

Income Statement

For the Month Ended August $31$

Actual pounds $7,300$

Revenue $ $26,900$

Expenses:

Packing supplies $2,725$

Oyster bed maintenance $2,860$

Wages and salaries $5,565$

Shipping $4,110$

Utilities $1,080$

Other $1,123$

Total expense $17,463$

Net operating income $ $9,437$

Required:

Calculate the company$$s revenue and spending variances for August.

Note: 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.

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