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

Quilcene Oysteria

Flexible Budget

For the Month Ended August

Actual pounds q

Revenue $q $

Expenses:

Packing supplies $q

Oyster bed maintenance $

Wages and salaries $ $q

Shipping $q

Utilities $

Other $ $q

Total expense

Net operating income $

The actual results for August appear below:

Quilcene Oysteria

Income Statement

For the Month Ended August

Actual pounds

Revenue $

Expenses:

Packing supplies

Oyster bed maintenance

Wages and salaries

Shipping

Utilities

Other

Total expense

Net operating income $

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 ie zero variance Input all amounts