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 per Month Cost per Car Washed $0.80 $0.09 $0.20 $0.40 $1,100 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $5,000 $8,000 $1,800 $1,300 $0.04 For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.60 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 8,200 $ 55,560 Revenue Expenses: cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 6.980 1,799 1,860 8.600 8,000 2.000 1,524 10.752 : NAV Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activ- August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Revenue and Flexible Results Spending Variances Budget 8,200 Activity Variances Planning Budget Cars washed Revenue $ 55,560 6,980 U U U 1,799 1,860 U u 8,600 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 8,000 None U None U F 2,000 None U 1,524 30,763 24,797 U U $