Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 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)		7,400
Revenue ($4.25q)	$	31,450
Expenses:
Packing supplies ($0.30q)		2,220
Oyster bed maintenance ($3,500)		3,500
Wages and salaries ($2,500 + $0.40q)		5,460
Shipping ($0.70q)		5,180
Utilities ($1,210)		1,210
Other ($480 + $0.01q)		554
Total expense		18,124
Net operating income	$	13,326

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,400
Revenue	$	27,200
Expenses:
Packing supplies		2,390
Oyster bed maintenance		3,360
Wages and salaries		5,870
Shipping		4,910
Utilities		1,020
Other		1,174
Total expense		18,724
Net operating income	$	8,476

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