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 $ 0.70 Electricity $ 1,100 $ 0.06 Maintenance $ 0.25 Wages and salaries $ 4,900 $ 0.20 Depreciation $ 8,200 Rent $ 1,900 Administrative expenses $ 1,400 $ 0.04 For example, electricity costs should be $1,100 per month plus $0.06 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.60 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 8,500 Revenue $ 57,540 Expenses: Cleaning supplies 6,380 Electricity 1,574 Maintenance 2,340 Wages and salaries 6,940 Depreciation 8,200 Rent 2,100 Administrative expenses 1,636 Total expense 29,170 Net operating income $ 28,370 Required: Prepare a flexible budget performance report that shows the companys revenue and spending variances and activity 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 positive values.)