$0.50 $0.08 $0.20 $0.30 Cleaning supplies Electricity $1,200 Wages and salaries $4, 900 Depreciation Rent Adninistrative $8,100 $1,800 $1,800 83 points $0.03 eBook For example, electricity costs are $1,200 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average ot $6.30 per car washed Print The actual operating results for August appear below. Lavage Rapide ReferenCE For the Month Ended August 31 Actual cars vashed 8,500 $55, 020 Expenses cleaning supplies Electricity Maintenance 4,700 1,942 ,920 Nages and salaries 7,780 8,100 2, 000 Depreciation Administrative expenscs ,952 Total expense Net operating income 526,726 Required: Prepare a filexible budget performance report that shows the company's revenue and spending variances and actlvity varlances for August. (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and None for no effect .e., zero variance). Input all amounts as positive values.) Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Planning ults 8,500 udget 8,500 Cars washed 8,400 Expenses: 4,700 1,842 1,920 7,780 8,100 2,000 1,952 Cleaning supplies Electrici Maintenance Depreciation Rent Administrative Total Net operating income 26,726