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 company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month $1,400 $4,500 $8,00 $1,900 $1,500 Cost per Car Washed SG.70 SG.06 S6.25 S6.40 S6.04 For example, electricity costs should be $1.400 per month plus $0.06 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.80 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 8,60 Revenue $ 59,900 Expenses: Cleaning supplies 6,450 Electricity 1, 889 Maintenance 2, 365 Wages and salaries 8,260 Depreciation 8,00 Rent 2, 100 Administrative expenses 1, 740 Total expense Net operating income S29,105 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 (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 2,600 $ 59,900 6,450 1,880 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 2,365 8,260 2,000 2,100 Administrative expenses Total expense Net operating income 1.740 30,795 29,105 $