Cost per Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost per Month Car Washed Cleaning supplies $0.50 Electricity $ 1.400 $0.09 Maintenance $ 0.20 Vages and salaries $4.900 $0.40 Depreciation $8.400 Rent $1.800 Administrative expenses $ 1.600 50.05 For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.10 per car washed. The actual operating results for August are as follows: Check my work Lavage Rapide Incoee Statement For the Month Ended August 31 Actual cars washed 8.200 $51.510 Revenge Expenses. Cleaning supplies Electricity Maintenance Fages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 4.550 2.090 1.560 8,500 8.400 2.000 1.905 29,314 $ 22. 196 N 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 Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget Planning Budget Cars washed 8,200 Revenue S 51,510 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 4,550 2,099 1,860 8,500 8,400 2,000 1,905 29,314 22.196