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 companys costs:

	Fixed Cost per Month			Cost per Car Washed
Cleaning supplies				$	0.60
Electricity	$	1,100		$	0.09
Maintenance				$	0.25
Wages and salaries	$	4,600		$	0.30
Depreciation	$	8,100
Rent	$	2,200
Administrative expenses	$	1,300		$	0.03

For example, electricity costs should be $1,100 per month plus $0.09 per car washed. The company expects to wash 8,100 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		8,200
Revenue	$	50,700
Expenses:
Cleaning supplies		5,360
Electricity		1,799
Maintenance		2,265
Wages and salaries		7,390
Depreciation		8,100
Rent		2,400
Administrative expenses		1,443
Total expense		28,757
Net operating income	$	21,943

Required:

Prepare a flexible budget performance report that shows the companys 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 Results Flexible Budget Planning Budget Cars washed 8,200 $ 50,700 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 5,360 1,799 2,265 7,390 8,100 2,400 1,443 28,757 21,943 $