Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 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)		7,200
Revenue ($4.20q)	$	30,240
Expenses:
Packing supplies ($0.35q)		2,520
Oyster bed maintenance ($3,300)		3,300
Wages and salaries ($2,100 + $0.45q)		5,340
Shipping ($0.70q)		5,040
Utilities ($1,220)		1,220
Other ($480 + $0.01q)		552
Total expense		17,972
Net operating income	$	12,268

The actual results for August appear below:

Quilcene Oysteria Income Statement For the Month Ended August 31

Actual pounds

7,200

Revenue

$

26,500

Expenses:

Packing supplies

2,690

Oyster bed maintenance

3,160

Wages and salaries

5,750

Shipping

4,770

Utilities

1,030

Other

1,172

Total expense

18,572

Net operating income

$

7,928

Required:

Compute 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