Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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)		7,600
Revenue ($4.15q)	$	31,540
Expenses:
Packing supplies ($0.30q)		2,280
Oyster bed maintenance ($3,400)		3,400
Wages and salaries ($2,600 + $0.40q)		5,640
Shipping ($0.65q)		4,940
Utilities ($1,240)		1,240
Other ($480 + $0.01q)		556
Total expense		18,056
Net operating income	$	13,484

The actual results for August appear below:

Quilcene Oysteria Income Statement For the Month Ended August 31
Actual pounds		7,600
Revenue	$	27,200
Expenses:
Packing supplies		2,450
Oyster bed maintenance		3,260
Wages and salaries		6,050
Shipping		4,670
Utilities		1,050
Other		1,176
Total expense		18,656
Net operating income	$	8,544

Required Compute 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 Varian For the Month Ended August 31 ces Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income