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 Der Moth Car Wald Cleaning supplies 0.50 Electricity 17.400 10.00 Maintenance 30.23 Wages and salaris 4,700 10.30 Depreciation 58.100 Rent $2,300 Administrative expenses 51.300 For example, electricity costs are $1400 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of 56 80 per car washed The actual operating results for August are as follows: Lavage Rapide Income statement Tor the Month Inded out Actual cars washed 8.400 550.500 Revenge Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Ministratives Total expense Net operating income 4,650 2,034 2.315 7.550 3.100 2.300 2.012 23,981 $29.559 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 effectie, zero variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget Planning Budget Cars washed 5 58540 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and sales Depreciation Rent Administrative expenses Total expense Net operating income 4.550 2034 2315 7,550 8.100 2.300 2032 26 981 20.559