Acme Company's production budget for August is 18,600 units and includes the following component unit costs: direct materials, $8.00; direct labor, $11.50; variable overhead, $5.00. Budgeted fixed overhead is $43,000. Actual production in August was 19,998 units. Actual unit component costs incurred during August Include direct materials, $10.00; direct labor, $10.50; variable overhead, $6.00. Actual fixed overhead was $45,600 Required: Prepare a performance report, including each cost component. Note: 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 Flexed Budget Actual Cost (18,600 units) Budget Variance (19,998 units) (19,998 units) Direct materials $ 8 $ 10 $ 10 $ 25,760 U Direct labor 12 11 11 22,080 F Variable overhead 5 6 6 11,040 U Fixed overhead 43,000 45,600 45,600 2,700 U Total budgeted cost $ 43,025 $ 45,627 $ 45,627 $ 17,420 U