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 51,200 10 points Cleaning supplies Electrielty Maintenance Wages and salaries Depreciation ant Administrative expenses Coat per Car Washed $0.50 $0.08 50.10 50.30 02:40:21 $4,400 $8,200 $1,900 $1,400 $0.05 Door For example, electricity costs are $1.200 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.50 per car washed. The actual operating results for August are as follows: Lavage rapide Income statement For the Month Eaded August 31 hetual cars washed 8,300 3.55,400 even penses cleasing supplies lectricity Maintenance Wages and salarien Depreciation Administrative expenses Total expense Met operating income 4.606 1.26 1.060 7.220 8,200 2.100 1546 26,352 $28.840 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 (ie., zero variance). Input all amounts as positive values.) 3:40:09 Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8.300 Planning Budget Cars washed BOOK $ 55,400 erences Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 4,000 1,826 1,060 7.220 8,200 2.100 Administrative expenses Total expense Net operating income 1,546 26,552 28,848 $