Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal, The following table provides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost Cost per per Month Car Washed $.0.80 $ 1,400 $ 0.09 $ 0.15 $ 4,000 $ 0.30 $ 8,100 $1,000 $1,500 $ 0.02 For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8.500 cars in August and to collect an average of $6.20 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 8,600 Revenue 3.54,800 Expenses Cleaning supplies 7,300 Electricity 2,135 Maintenance 1,515 Wages and salaries 6,910 Depreciation Rent 2.000 Administrative expenses 1.570 Total expense 29.530 Net operating income $ 25,270 8,100 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 fovorable. "U" for unfavorable, and "None" for no effect (ie zero variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget Planning Budget 8.600 54 800 $ Cars washed Revenuo Expenses Cleaning supplies Electricity Maintenance Wages and salarios Depreciation Rent Administrative expenses Total expense Net operating incomo 7.300 2.135 1,515 6,010 8,100 2.000 1,570 29,530 25 270 $