Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs:

Fixed Cost

per MonthCost per

Car WashedCleaning supplies$0.80Electricity$1,200$0.15Maintenance$0.20Wages and salaries$5,000$0.30Depreciation$6,000Rent$8,000Administrative expenses$4,000$0.10

For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed.

The actual operating results for August are as follows:

Lavage RapideIncome StatementFor the Month Ended August 31Actual cars washed8,800Revenue$43,080Expenses:Cleaning supplies7,560Electricity2,670Maintenance2,260Wages and salaries8,500Depreciation6,000Rent8,000Administrative expenses4,950Total expense39,940Net operating income$3,140

Required:

flexible budget performance report that shows the company's 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.)