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Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,800 $ 43,080 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 2,560 2,670 2,260 8,500 6,000 8,000 4,950 19,90 $ 3,140 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 (l.e., zem variance). Input all amounts as positive values.) Lavage Rapido Flexible Budget Performance Report For the Month Ended August 31 Flexible Budget Actual Results Planning Budget Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Flexible Budget Actual Results 8,800 Planning Budget Cars washed $ 43,080 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 7,560 2,670 2,260 8,500 6,000 8,000 4,950 39,940 3,140 $