Lavage Rapide Is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost per Month Cleaning supplies Electricity Maintenance Mages and salaries Depreciation llent Administrative expenses $1,600 54,800 $8,200 $2.000 $1,400 Cost per Car Washed 50.40 58.8 50.10 50.20 30.01 For example, electricity costs are $1.400 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.20 per car washed, The actual operating results for August are as follows: La Rapide Income Statement For the Month Ended Act 31 Actual cars washed Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salarios Depreciation Hent Alinistrative expenses total pense Het operatine Income 3,120 2. 1.070 6,820 8.30 7.200 13 25.327 Required: Prepare a fiexible 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 8.400 Planning Budget Cars washed Revenue $ 53,560 Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 3.820 2,034 1,070 6.820 8.200 2,200 1,383 25,527 28.033 Administrative expenses Total expense Net operating income $ Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal, The following table provides data concerning the company's costs. Fixed Cost per Month $1,400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.40 $0.RS $0.10 50.20 $4,800 $8,200 $2,000 $1,400 30.01 For example, electricity costs are $1,400 per month plus $0.08 per car washed. The company expects to wash 8,300 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 8,40 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating Incone 3,820 2,034 1,070 6,820 8.200 2,200 1.383 25,527 $ 28,33