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 Car Washed per Month $0.80 Cleaning supplies Electricity Maintenance $1,300 $0.05 $0.20 Wages and salaries Depreciation $4,400 $0.40 $8,100 Rent $2,000 Administrative expenses $1,600 $0.01 For example, electricity costs are $1,300 per month plus $0.05 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,500 Revenue $56,700 Expenses: Cleaning supplies 7,220 Electricity 1,690 Maintenance 1,920 8,120 Wages and salaries Depreciation 8,100 Rent 2,200 Administrative expenses 1,584 Total expense 30,834 Net operating income $25,866 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 Flexible Planning Budget Budget Cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income Actual Results 8,500 $ 56,700 7,220 1,690 1,920 8,120 8,100 2,200 1,584 30,834 25,866 $