Acme Company's production budget for August is 17,500 units and includes the following component unit costs: direct materials, $8; direct labor, $10; variable overhead, $6. Budgeted fixed overhead is $35,000. Actual production in August was 17,000 units. Actual unit component costs incurred during August include direct materials, $8.25; direct labor, $9.45; variable overhead, $6.82. Actual fixed overhead was $33,500. Required: Prepare a performance report, including each cost component. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Cost Component Original Budget (17,500 units) Flexed Budget (17,000 units) Actual Cost (17,000 units) Budget Variance Direct materials $ 140,000 $ 136,000 Direct labor 175,000 170,000 Variable overhead 105,000 102,000 Fixed overhead 35,000 35,000 Total budgeted cost $ 455,000 $ 443,000 $