Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The companys flexible budget for August appears below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,000
Revenue	$	26,500
Expenses:
Packing supplies		2,270
Oyster bed maintenance		3,260
Wages and salaries		4,960
Shipping		4,630
Utilities		1,070
Other		1,150
Total expense		17,340
Net operating income	$	9,160

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