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 company's costs. Fixed Cost Cost per per Month Car Washed Cleaning Supplies $ 0.60 Electricity $ 1,300 $ 0.09 Maintenance $ 0.20 Wages and salaries $ 4,400 $ 0.20 Depreciation 5 8,200 Rent $ 2,000 Administrative expenses $1,700 $ 0.01 For example, electricity costs should be $1,300 per month plus $0.09 per car washed. The company expects to wash 8,200 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 8,300 Revenue 5.50,400 Expenses Cleaning supplies 5,420 Electricity 2.000 Maintenance 1,80 Wages and salaries Depreciation 11.200 Rent 2,200 Administrative expenses 1.682 Total expense 27,0 Net operating income 6,400 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 Actual Flexible Results Budget 8,300 $ 50,480 Planning Budget nes Cars washed Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salanes Deprecation Rent 5,420 2008 1,800 6.400 3.200 2200 1,602 27 790 22,690 Administrative expenses Total expense Net operating income S