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 companys costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.50 Electricity $ 1,400 $ 0.05 Maintenance $ 0.15 Wages and salaries $ 4,300 $ 0.30 Depreciation $ 8,300 Rent $ 2,000 Administrative expenses $ 1,700 $ 0.01 For example, electricity costs are $1,400 per month plus $0.05 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.30 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,500 Revenue $ 55,020 Expenses: Cleaning supplies 4,700 Electricity 1,790 Maintenance 1,500 Wages and salaries 7,180 Depreciation 8,300 Rent 2,200 Administrative expenses 1,684 Total expense 27,354 Net operating income $ 27,666 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.)