3 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 Month 4 points Cost per Car Washed $0.50 $0.99 $0.28 $8.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,000 $4,380 $8,400 $1,800 $1,500 $0.02 eBook For example, electricity costs are $1,000 per month plus $0.09 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.40 per car washed. Print The actual operating results for August are as follows: References Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,100 Revenue $53,300 Expenses: Cleaning supplies 4,500 Electricity 1,690 Maintenance 1,840 Wages and salaries 7,060 Depreciation 8,400 Rent 2,000 Administrative expenses 1,560 Total expense 27,050 Net operating income $ 26, 256 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 varlance). Input all amounts as positive values.)