Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 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)		7,900
Revenue ($4.20q)	$	33,180
Expenses:
Packing supplies ($0.30q)		2,370
Oyster bed maintenance ($3,400)		3,400
Wages and salaries ($2,300 + $0.30q)		4,670
Shipping ($0.60q)		4,740
Utilities ($1,210)		1,210
Other ($440 + $0.01q)		519
Total expense		16,909
Net operating income	$	16,271

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,900
Revenue	$	26,600
Expenses:
Packing supplies		2,540
Oyster bed maintenance		3,260
Wages and salaries		5,080
Shipping		4,470
Utilities		1,020
Other		1,139
Total expense		17,509
Net operating income	$	9,091

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.)

Required: Calculate the company's 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