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 Cleaning supplies $0.40 $1,200 $0.07 Electricity Maintenance $0.20 $4,600 $0.30 Wages and salaries Depreciation $8,400 Rent $2,100 Administrative expenses $1,800 $0.04 For example, electricity costs are $1,200 per month plus $0.07 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $5.90 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 8,400 Revenue $ 51,070 Expenses: Cleaning supplies 3,820 Electricity 1,751 Maintenance 1,900 Wages and salaries. 7,450 Depreciation 8,400 Rent 2,300 Administrative expenses 2,032 Total expense 27,653 Net operating income $ 23,417 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 Revenue and Flexible Activity Variances Planning Budget Spending Variances Budget Cars washed 8,400 Revenue Expenses: Cleaning supplies Electricity Maintenance Wa and salaries Depreciation Rent Administrative expenses Total expense Net operating income Actual Results 8,400 $ 51,070 3,820 1,751 1,900 7,450 8,400 2,300 2,032 27,653 23,417 $