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 $ 0.40 Electricity $ 1,300 $ 0.09 Maintenance $ 0.15 Wages and salaries $ 4,500 $ 0.30 Depreciation $ 8,300 Rent $ 2,100 Administrative expenses $ 1,600 $ 0.04 For example, electricity costs should be $1,300 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.30 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 8,400 Revenue $ 54,390 Expenses: Cleaning supplies 3,820 Electricity 2,017 Maintenance 1,485 Wages and salaries 7,350 Depreciation 8,300 Rent 2,300 Administrative expenses 1,832 Total expense 27,104 Net operating income $ 27,286 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