Quilcene Oysteria farms oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company flexible budget appears below:

The actual results for August appear below: Required: Calculate the company o 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 (l.e., zero variance), Input all amounts as positive values.)