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	$ 1,200	$ 0.06
Maintenance		$ 0.10
Wages and salaries	$ 5,000	$ 0.20
Depreciation	$ 8,200
Rent	$ 2,000
Administrative expenses	$ 1,800	$ 0.02

For example, electricity costs should be $1,200 per month plus $0.06 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.50 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
Revenue	$ 55,400
Expenses:
Cleaning supplies	7,060
Electricity	1,662
Maintenance	1,060
Wages and salaries	7,000
Depreciation	8,200
Rent	2,200
Administrative expenses	1,864
Total expense	29,046
Net operating income	$ 26,354

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 8,300 Revenue $ 55,400 Expenses: 7,060 Cleaning supplies Electricity Maintenance 1,662 1,060 7,000 Wages and salaries Depreciation 8,200 2,200 Rent Administrative expenses 1,864 Total expense 29,046 26,354 Net operating income