Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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) 7,600

Revenue ($4.20q) $ 31,920

Expenses: Packing supplies ($0.40q) 3,040

Oyster bed maintenance ($3,400) 3,400

Wages and salaries ($2,500 + $0.35q) 5,160

Shipping ($0.70q) 5,320

Utilities ($1,210) 1,210

Other ($450 + $0.01q) 526

Total expense 18,656

Net operating income $ 13,264

The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31

Actual pounds 7,600

Revenue $ 27,000

Expenses: Packing supplies 3,210

Oyster bed maintenance 3,260

Wages and salaries 5,570

Shipping 5,050

Utilities 1,020

Other 1,146

Total expense 19,256

Net operating income $ 7,744

Required: Compute 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.)