Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The companys flexible budget for August appears below:

The actual results for August appear below:

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.)

Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 8,000 33,200 Revenue ($4.159) Expenses: Packing supplies ($0.409) Oyster bed maintenance ($3,100) Wages and salaries ($2,200 + $0.459) Shipping ($0.659) Utilities ($1,270) Other ($490 + $0.019) 3,200 3,100 5,800 5,200 1,270 570 Total expense 19,140 Net operating income 14,060 $ Quilcene Oysteria Income Statement For the Month Ended August 31 8,000 Actual pounds 27,000 Revenue 3,370 2,960 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping 6,210 4,930 Utilities Other 1,080 1,190 19,740 Total expense Net operating income $7,260 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