Lavage Rapide is a Canadian company that owns and opeftes a large automatic car wash facility near Montreat. The following table provides estimates concerning the company's costs: Fixed Cast per Month Cost per Car Washed $0.80 50.08 $0.10 $6.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,200 $5,000 $8,400 $2.000 $1,400 $0.05 For example, electricity costs should be $1.200 per month plus $0,08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.80 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 8,300 557, 360 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 7.000 1,826 1.060 7,820 8. 400 2,200 1.710 30,076 $ 27.784 Required: Prepare a flexible budget performance report that shows the company's 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 effectie, zero variance). Input all amounts as positive values.) Required: Prepare a flexible budget performance report that shows the company's 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 (l.e., zero variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8,300 Planning Budget Cars washed $ 57,860 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 7,060 1,826 1,060 7,820 8,400 2 200 1 7101 30,076 27 784 Administrative expenses Total expense Not operating income $