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 ($0.30q)	2,250
Oyster bed maintenance ($3,500)	3,500
Wages and salaries ($2,500 + $0.25q)	4,375
Shipping ($0.80q)	6,000
Utilities ($1,210)	1,210
Other ($450 + $0.01q)	525
Total expense	17,860
Net operating income	$ 14,015

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds	7,500
Revenue	$ 26,700
Expenses:
Packing supplies	2,420
Oyster bed maintenance	3,360
Wages and salaries	4,785
Shipping	5,730
Utilities	1,020
Other	1,145
Total expense	18,460
Net operating income	$ 8,240

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