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 $ 1,300 $ 0.09

Maintenance $ 0.25

Wages and salaries $ 4,600 $ 0.30

Depreciation $ 8,200

Rent $ 2,000

Administrative expenses $ 1,800 $ 0.02

For example, electricity costs should be $1,300 per month plus $0.09 per car washed. The company expects to wash 8,200 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 8,300

Revenue $ 56,220

Expenses:

Cleaning supplies 6,240

Electricity 2,008

Maintenance 2,290

Wages and salaries 7,420

Depreciation 8,200

Rent 2,200

Administrative expenses 1,864

Total expense 30,222

Net operating income $ 25,998

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.)