For example, electricity costs should be $1,300 per month plus $0.07 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.30 per car washed. The actual operating results for August are as follows: Required: Prepare a flexible budget performance report for August. Note: 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. avage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates oncerning the company's costs: For example, electricity costs should be $1,300 per month plus $0.07 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.30 per car washed. The actual operating results for August are as follows: Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 \begin{tabular}{|c|c|c|c|} \hline & \begin{tabular}{l} Actual \\ Results \end{tabular} & \begin{tabular}{l} Flexible \\ Budget \end{tabular} & \begin{tabular}{c} Planning \\ Budget \end{tabular} \\ \hline Cars washed & 8,400 & & ? \\ \hline Revenue & $54,390 & & \\ \hline \multicolumn{4}{|l|}{ Expenses: } \\ \hline Cleaning supplies & 4,6502 & & \\ \hline Electricity & 1.851 & & \\ \hline Maintenance & 2,315 & & \\ \hline Wages and salaries & 7.350 & & \\ \hline Depreciation & 8.100 & & \\ \hline Rent & 2,000 & & \\ \hline Administrative expenses & 1.666 & & \\ \hline Total expenses & 27.932 & & \\ \hline Net operating income & 26.458 & & \\ \hline \end{tabular}