Fixed Cost per Month Cost per Car Washed $ 0.50 $ 0.05 $ 0.30 $ 0.40 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,200 $4,600 $8,300 $2,200 $1,300 $ 0.04 For example, electricity costs are $1,200 per month plus $0.05 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August appear below. 4,650 Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,400 Revenue $57,710 Expenses: Cleaning supplies Electricity 1.585 Maintenance 2.730 Wages and salaries 8,280 Depreciation 8,300 Rent 2,400 Administrative expenses 1,532 Total expense 29,477 Net operating income $28,233 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.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Revenue and Spending Variances Activity Variances Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income