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	$	1,100		$	0.09
Maintenance				$	0.20
Wages and salaries	$	4,700		$	0.30
Depreciation	$	8,400
Rent	$	1,800
Administrative expenses	$	1,500		$	0.02

For example, electricity costs should be $1,100 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $5.90 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	$	51,070
Expenses:
Cleaning supplies		4,650
Electricity		1,817
Maintenance		1,900
Wages and salaries		7,550
Depreciation		8,400
Rent		2,000
Administrative expenses		1,566
Total expense		27,883
Net operating income	$	23,187

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 8,400 Revenue $ 51,070 Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 4,650 1,817 1,900 7,550 8,400 2,000 1,566 27,883 23,187 $