PLEASE PROVIDE WORKING NOTES AND STEP BY STEP SOLUTIONS PLEASE

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 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)		7,900
Revenue ($4.10q)	$	32,390
Expenses:
Packing supplies ($0.35q)		2,765
Oyster bed maintenance ($3,400)		3,400
Wages and salaries ($2,500 + $0.45q)		6,055
Shipping ($0.65q)		5,135
Utilities ($1,280)		1,280
Other ($480 + $0.01q)		559
Total expense		19,194
Net operating income	$	13,196

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,900
Revenue	$	26,500
Expenses:
Packing supplies		2,935
Oyster bed maintenance		3,260
Wages and salaries		6,465
Shipping		4,865
Utilities		1,090
Other		1,179
Total expense		19,794
Net operating income	$	6,706

Required:

Calculate 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 posit