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The actual operating results for August appear below. 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: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,500 Fixed Cost per Cost Car per Month Washed 0.70 $ 1,200 0.07 0.25 $4,200 0.40 $ 8, 200 $ 1,900 $ 1,800 $ 0.01 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 1 t 1 - Revenue $55,020 Expenses: Cleaning supplies 6, 380 Electricity 1,758 Maintenance 2,340 Wages and salaries 7, 920 Depreciation 8, 200 Rent 2,100 Administrative expenses 1, 784 Total expense 30, 482 Net operating income $24,538 For example, electricity costs are $1,200 per month plus $0.07 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.30 per car washed. 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 variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect i.e., zero variance). Input all amounts as positive values.)