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 per month $1,300 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed $0.70 $ 0.05 $ 0.20 $0.30 $4,300 $8,100 $2,000 $1,400 $ 0.03 For example, electricity costs are $1,300 per month plus $0.05 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,400 $ 55,220 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 6,310 1,685 1,900 7,150 8,100 2,200 1,549 28,894 $ 26,326 Total expense Net operating income 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 8,400 Planning Budget Cars washed Revenue $ 55,220 Expenses: 6,310 Cleaning supplies Electricity 1,685 Maintenance 1,900 7,150 Wages and salaries Depreciation Rent 8,100 2,200 Administrative expenses Total expense 1,549 28,894 26,326 Net operating income $