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	$ 0.08
Maintenance		$ 0.10
Wages and salaries	$ 4,600	$ 0.40
Depreciation	$ 8,000
Rent	$ 1,900
Administrative expenses	$ 1,600	$ 0.05

For example, electricity costs should be $1,200 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.00 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	8,500
Revenue	$ 52,500
Expenses:
Cleaning supplies	4,700
Electricity	1,842
Maintenance	1,080
Wages and salaries	8,320
Depreciation	8,000
Rent	2,100
Administrative expenses	1,920
Total expense	27,962
Net operating income	$ 24,538

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 Cars washed 8,500 Revenue $ 52,500 Expenses: 4,700 Cleaning supplies Electricity Maintenance 1,842 1,080 Wages and salaries 8,320 Depreciation 8,000 Rent 2,100 Administrative expenses 1,920 Total expense 27,962 Net operating income $ 24,538