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				$	0.80
Electricity	$	1,100		$	0.05
Maintenance				$	0.30
Wages and salaries	$	4,200		$	0.40
Depreciation	$	8,500
Rent	$	1,900
Administrative expenses	$	1,500		$	0.04

For example, electricity costs should be $1,100 per month plus $0.05 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.20 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		8,100
Revenue	$	51,700
Expenses:
Cleaning supplies		6,900
Electricity		1,470
Maintenance		2,640
Wages and salaries		7,760
Depreciation		8,500
Rent		2,100
Administrative expenses		1,720
Total expense		31,090
Net operating income	$	20,610

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 8,100 Revenue $ 51,700 Expenses: 6,900 Cleaning supplies Electricity 1,470 Maintenance 2,640 Wages and salaries 7,760 Depreciation 8,500 Rent 2,100 Administrative expenses 1,720 Total expense 31,090 Net operating income $ 20,610