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 companys costs:

	Fixed Cost per Month			Cost per Car Washed
Cleaning supplies				$	0.60
Electricity	$	1,200		$	0.06
Maintenance				$	0.15
Wages and salaries	$	4,000		$	0.30
Depreciation	$	8,100
Rent	$	2,200
Administrative expenses	$	1,500		$	0.02

For example, electricity costs are $1,200 per month plus $0.06 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.10 per car washed.

The actual operating results for August appear below.

Lavage Rapide
Income Statement
For the Month Ended August 31
Actual cars washed		8,100
Revenue	$	50,900
Expenses:
Cleaning supplies		5,300
Electricity		1,650
Maintenance		1,440
Wages and salaries		6,760
Depreciation		8,100
Rent		2,400
Administrative expenses		1,560
Total expense		27,210
Net operating income	$	23,690

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 Revenue and Flexible Results Spending Variances Budget 8,100 8,100 Activity Variances Planning Budget 8,000 Cars washed $ 50,900 5,300 1,650 U lu Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 1,440 6,760 8,100 lu F. lu lu None lu F. None None 2,400 1,560 27,210 U $ 23,690 F F