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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold $7,500$ pounds of oysters in August. The company$$s flexible budget for August appears below:

Quilcene Oysteria

Flexible Budget

For the Month Ended August $31$

Actual pounds $($q$)7,500$

Revenue $($$$4\mathrm{.}20$q$)$ $ $31,500$

Expenses:

Packing supplies $($$$0\mathrm{.}40$q$)3,000$

Oyster bed maintenance $($$$3,500)3,500$

Wages and salaries $($$$2,400+$ $$0\mathrm{.}40$q$)5,400$

Shipping $($$$0\mathrm{.}65$q$)4,875$

Utilities $($$$1,220)1,220$

Other $($$$430+$ $$0\mathrm{.}01$q$)505$

Total expenses $18,500$

Net operating income $ $13,000$

The actual results for August were as follows:

Quilcene Oysteria

Income Statement

For the Month Ended August $31$

Actual pounds $7,500$

Revenue $ $27,100$

Expenses:

Packing supplies $3,170$

Oyster bed maintenance $3,360$

Wages and salaries $5,810$

Shipping $4,605$

Utilities $1,030$

Other $1,125$

Total expenses $19,100$

Net operating income $ $8,000$

Required:

Calculate the company$$s revenue and spending variances for August.The actual results for August were as follows:

Required:

Calculate the company's revenue and spending variances for August.

Note: 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.

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