Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tab provides data concerning the company's costs Fixed cost Cost per per Month Car Washed Cleaning Supplies $0.60 Electricity $1,500 $0.09 Maintenance $0.20 Wages and salaries $4,100 Se,40 Depreciation $8,300 Rent $2,000 Administrative expenses $1,500 $0.03 For example, electricity costs are $1,500 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 per car washed For example, electricity costs are $1,500 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 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 $ 51,300 Expenses Cleaning supplies 5,420 Electricity 2,200 Maintenance Wages and salaries 7,740 Depreciation 3,300 2,200 Administrative expenses 1,645 Total expense Net operating income $ 21,900 1.8.30 Rent 29,194 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., ze variance). Input all amounts os positive values.) Lavage Rapide Lavage Rapido Flexible Budget Performance Report For the Month Ended August 31 Actual Flesble Results Budget 8,300 Planning Budget Cars washed $ 51,300 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 5420 2.208 1,880 7,740 8,300 2 200 1.646 29,394 21,906