Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the companys costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.50 Electricity $ 1,300 $ 0.08 Maintenance $ 0.25 Wages and salaries $ 4,600 $ 0.40 Depreciation $ 8,100 Rent $ 2,100 Administrative expenses $ 1,700 $ 0.02 For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,600 Revenue $ 59,050 Expenses: Cleaning supplies 4,750 Electricity 1,950 Maintenance 2,365 Wages and salaries 8,360 Depreciation 8,100 Rent 2,300 Administrative expenses 1,770 Total expense 29,595 Net operating income $ 29,455 Required: Prepare a flexible budget performance report that shows the companys revenue and spending variances and activity 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.