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 companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.50
Electricity	$ 1,200	$ 0.07
Maintenance		$ 0.25
Wages and salaries	$ 4,600	$ 0.40
Depreciation	$ 8,500
Rent	$ 2,100
Administrative expenses	$ 1,400	$ 0.02

For example, electricity costs should be $1,200 per month plus $0.07 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.90 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	8,400
Revenue	$ 59,370
Expenses:
Cleaning supplies	4,650
Electricity	1,751
Maintenance	2,315
Wages and salaries	8,280
Depreciation	8,500
Rent	2,300
Administrative expenses	1,466
Total expense	29,262
Net operating income	$ 30,108

Required:

Prepare a flexible budget performance report that shows the companys 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 (i.e., zero variance). Input all amounts as positive values.)

Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Results Flexible Budget Planning Budget 8,400 59,370 $ Cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 4,650 1,751 2,315 8,280 8,500 2,300 1,466 29,262 30,108 $