Exercise 9-14 Prepare a Flexible Budget Performance Report [LO9-4] Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company's costs: Cost per Car Washed 0.50 Cleaning supplies 1,100 0.08 Electricity 0.15 Maintenance 4,500 0.30 Wages and salaries 8,300 Depreciation 2,100 Rent $0.02 Administrative expenses 1,800 For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.10 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,400 52,730 Revenue Expenses 4,650 Cleaning supplies Electricity 1,734 Maintenance 1,485 Wages and salaries 7,350 Depreciation 8,300 Rent 2,300 1,866 Administrative expenses Total expense 27,685 $25,045 Net operating income Required: Complete the flexible budget performance report that shows the company's activity variances and revenue and spending 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.)