Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold $7,500$ pounds of oysters in

August. The company's flexible budget for August appears below:

Quilcene Oysteria

Flexible Budget

For the Month Ended August $31$

Actual pounds $($q$)$

Revenue $($$$4\mathrm{.}05$q$)$

Expenses:

Packing supplies $($ $$0\mathrm{.}3q$

Oyster bed maintenance $($$$3,4)$

Wages and salaries $($$$2,300+$$$0\mathrm{.}3q)$

Shipping $($ $$0\mathrm{.}65q$

Utilities $($$$1,23)$

Other $($$$48+$$$\mathrm{.}01q)$

Total expense

Net operating income

The actual results for August appear below:

Quilcene Oysteria

Income Statement

For the Month Ended August $31$

Actual pounds $7,5$e$$

Revenue

Expenses:

Packing supplies

Oyster bed maintenance

wages and salaries

shipping

Utilities

other

Total expense

Net operating income

$$26,996$

Requlred:

Calculate the company's revenue and spending variances for August. $($Indleate the effect of each varlance by selecting $"$F$"$ for

favorable, $"$U$"$ for unfavorable, and "None" for no effect $($l$.$e$.,$ zero varlance$).$ Input all omounts as positlve values.$)$