Exercise 9-13 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] 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 companys costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.60 Electricity $ 1,100 $ 0.09 Maintenance $ 0.25 Wages and salaries $ 4,200 $ 0.30 Depreciation $ 8,100 Rent $ 2,100 Administrative expenses $ 1,800 $ 0.04 For example, electricity costs should be $1,100 per month plus $0.09 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.20 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 8,200 Revenue $ 52,320 Expenses: Cleaning supplies 5,360 Electricity 1,799 Maintenance 2,265 Wages and salaries 6,990 Depreciation 8,100 Rent 2,300 Administrative expenses 2,024 Total expense 28,838 Net operating income $ 23,482 Required: Prepare a flexible budget performance report that shows the companys 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 variance). Input all amounts as positive values.)