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 per Cost per Month Car Washed Cleaning supplies $ 0.50 Electricity $ 1,300 $ 0.05 Maintenance $ 0.25 Wages and salaries $ 4,300 $ 0.30 Depreciation $ 8,500 Rent $ 1,900 Administrative expenses $ 1,600 $ 0.02 For example, electricity costs should be $1,300 per month plus $0.05 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 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 Ravenue 5.51,300 Expenses Cleaning supplies 4,600 Electricity 1,680 Maintenance 2,290 Wages and salaries 7,120 Depreciation 8.500 2,100 Administrative expenses 1,664 Total expense 27,954 Rent 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 Rapido Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Rosults Activity Variances Budget 8,300 $ 51,300 Activity Variances Planning Budget Cars washed Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 4,600 1,680 2.290 7,120 8,500 2,100 1,664 27,954 23,346 $