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: Pixed cost per Month $1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Cost per Car Washed $0.80 $0.10 $0.10 $0.40 $4,700 $8,200 $2,200 $1,800 Administrative expenses For example, electricity costs are $1,200 per month plus and to collect an average of $6.80 per car washed. washed. The company expects to wash 8,500 cars in August The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Ketual cars washed 8,600 $ 59,900 7.300 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 2.020 0,460 2,200 2.400 2040 31,510 Administrative expenses Total expense Net operating income $28,390 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 (.e., zero variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Flexible Results Budget 8,600 8,600 Planning Budget Cars washed Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 7,300 2.020 1,090 8.460 8.2007 2,400 2,040F 31,510 28,390 F U U 0 None U None 0 None Rant U Administrative expenses Total expense Net operating income U LU $