Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 pounds of oysters in August. The company's flexible budget for August appears below: Actual pounds (q) Revenue ($4.10q) Expenses: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Packing supplies ($0.30q) Oyster bed maintenance ($3,100) Wages and salaries ($2,400 + $0.30q) Shipping ($0.70g) Utilities ($1,220) Other ($510+ $0.01q) Total expenses Net operating income The actual results for August were as follows: Actual pounds Revenue Expenses: Quilcene Oysteria Income Statement For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income 7,200 $ 29,520 2,160 3,100 4,560 5,040 1,220 582 16,662 $ 12,858 7,200 $ 26,900 2,330 2,960 4,970 4,770 1,030 1,202 17,262 $ 9,638 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.

Oulicene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 pounds of oysters in August. The company's fiexible budget for August appears below: The actual results for August were as follows: 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 (l.e., zero variance). Input all amounts as positive values