Quilcene Oysteria farms and sells oysters in the Pacific Northwest The company harvested and sold 7,300 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 ) 7,300 Revenue ($4 25 q ) $ 31,025 Expenses Packing supplies ($0 30 q ) 2,190 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2,500 $0 25 q ) 4,325 Shipping ($0 75 q ) 5,475 Utilities ($1,270) 1,270 Other ($470 $0 01 q ) 543 Total expense 16,903 Net operating income $ 14,122 The actual results for August appear below Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 Revenue $ 27,300 Expenses Packing supplies 2,360 Oyster bed maintenance 2,960 Wages and salaries 4,735 Shipping 5,205 Utilities 1,080 Other 1,163 Total expense 17,503 Net operating income $ 9,797 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 )

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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The companys flexible budget

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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)	7,300
Revenue ($4.25q)	$ 31,025
Expenses:
Packing supplies ($0.30q)	2,190
Oyster bed maintenance ($3,100)	3,100
Wages and salaries ($2,500 + $0.25q)	4,325
Shipping ($0.75q)	5,475
Utilities ($1,270)	1,270
Other ($470 + $0.01q)	543
Total expense	16,903
Net operating income	$ 14,122

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds	7,300
Revenue	$ 27,300
Expenses:
Packing supplies	2,360
Oyster bed maintenance	2,960
Wages and salaries	4,735
Shipping	5,205
Utilities	1,080
Other	1,163
Total expense	17,503
Net operating income	$ 9,797

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.)