a 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: Tixed cost per Month Cost per Car Washed $0.50 $0.09 50.10 $0.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,100 $4,500 $8,300 $1,800 $1,400 $0.03 For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.00 per car washed, The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8.400 $51,900 Revenue Expenses : Cleaning supplies Electricity Maintenance Wages and salari Depreciation Rent Administrative expenses total expense Het operating income 4.650 1,817 1,070 6,520 8,300 2,000 1,549 25,906 $ 25,994 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 (.e., zero variance). Input all amounts as positive values.) Lavage Rapido Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8.400 Planning Budget Cars washed Revenue $ 51,900 Expenses Cleaning supplies Electricity Maintenance Wages and salarios Depreciation Ront Administrative expenses Total expense Net operating income 4,650 1,817 1,070 6,520 8,300 2,000 1,549 25,906 25,994 $