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 company's costs: Fixed Cost Cost per per Month Car Washed Cleaning supplies $ 0.68 Electricity $ 1, 209 $ 0.06 Maintenance $ 0.15 Wages and salaries $ 4, 608 $ 0.38 Depreciation $ 8, 290 Rent $ 1,908 Administrative expenses $ 1, 498 $ 0.02 For example, electricity costs should be $1,200 per month plus $0.06 per car washed. The company expects to wash 8,200 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 8,308 Revenue $ 57, 048 Expenses : Cleaning supplies 5, 428 Electricity 1, 662 Maintenance 1, 478 Wages and salaries 7, 428 Depreciation 8, 290 Rent 2,198 Administrative expenses 1, 464 Total expense 27,736 Net operating income $ 29,304 Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (L.e., zero variance). Input all amounts as positive values.)