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 ($4.25q) $ 31,875 Expenses: Packing supplies ($0.35q) 2,625 Oyster bed maintenance ($3,300) 3,300 Wages and salaries ($2,000 + $0.40q) 5,000 Shipping ($0.70q) 5,250 Utilities ($1,210) 1,210 Other ($470 + $0.01q) 545 Total expense 17,930 Net operating income $ 13,945 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $ 27,500 Expenses: Packing supplies 2,795 Oyster bed maintenance 3,160 Wages and salaries 5,410 Shipping 4,980 Utilities 1,020 Other 1,165 Total expense 18,530 Net operating income $ 8,970 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.)

Qullcene Oysterla farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 pounds of oysters in August. The company's flexible budget for August appears below: The actual results for August appear below: Required: Calculate the company's revenue and spending varlances for August. (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positlve values.) \begin{tabular}{|l|} \hline \multicolumn{1}{|c|}{ Other } \\ \hline Total expense \\ \hline Net operating income \\ \hline \end{tabular}