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 Cost per per Month $1,200 cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed $0.50 $0.08 $0.10 $0.40 $4,700 $ 8,300 $2,100 $1,500 $0.04 For example, electricity costs are $1,200 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.90 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 8,300 $ 58,680 Revenue Expenses: cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 4,600 1,826 1,060 8,340 8,300 2,300 1,728 28,154 $ 30,526 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 Flexible Results Budget 8,300 Planning Budget Cars washed Revenue $ 58,680 Expenses: Cleaning supplies Electricity 4,600 1,826 Maintenance 1,060 Wages and salaries 8,340 Depreciation 8,300 Rent 2,300 Administrative expenses Total expense 1,728 28,154 $ 30,526 Net operating income