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 ($4.10q)	$	30,340
Expenses:
Packing supplies ($0.30q)		2,220
Oyster bed maintenance ($3,600)		3,600
Wages and salaries ($2,200 + $0.40q)		5,160
Shipping ($0.60q)		4,440
Utilities ($1,220)		1,220
Other ($490 + $0.01q)		564
Total expense		17,204
Net operating income	$	13,136

The actual results for August appear below:

Quilcene Oysteria Income Statement For the Month Ended August 31
Actual pounds		7,400
Revenue	$	26,500
Expenses:
Packing supplies		2,390
Oyster bed maintenance		3,460
Wages and salaries		5,570
Shipping		4,170
Utilities		1,030
Other		1,184
Total expense		17,804
Net operating income	$	8,696

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