Exercise 9-13 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Lavage Riapide is a Canadian company that owns and operates a large outomatic car wash facility near MontreaL. The following table provides estimates concerning the company/s costs: For example, electricity costs should be $1,400 per month plus $0,07 per car washed. The company expects to wash 8,300 cars in August and to collect an werage of $670 per car washed. The actual operating results for August are as follows: Required: Prepare a floxible budget performance report that shows the company's revenue and spending variances and activity variances for August: Note: Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect (L-e, zero variance). Input all amounts as positive values