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 Cost per Car Washed $0.50 30.06 $8.30 30.30 Cleaning supplies Electricity Maintenance Wapes and salaries Depreciation Rent Administrative expenses $1,400 $4,500 $8,400 $2,100 $1,700 $9.03 For example, electricity costs are $1.400 per month plus $0.06 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.40 per car washed The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended ME 31 Actual cars washed 8,100 55,300 Revenue Expenses Cleaning Supplies electricity Maintenance 4,500 1,050 2.640 The actual operating results for August are as follows: Lavage rapide Income Statement For the Month Ended August 31 Actual cars washed 8,100 5 53,300 Revenue Expenses: Cleaning Supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 4,500 1,850 2,648 7,260 8,400 2,300 1,840 28,290 $ 24,510 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 favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance), Input all amounts os positive values.) August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts os positive values.) Lavage Rapide Faible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8,100 Planning Cars washed $ 53,300 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Ront Administrative expenses Total expense Net operating income 4,500 1,850 2.640 7.250 8,400 2300 1.840 28.790 24510 5