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 Month Cost per $1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed Se.se 50.15 $0.20 50.30 $5,000 $6,000 58.000 $4,000 $0.le For example, electricity costs should be $1.200 per month plus 5015 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 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 8,800 5143,830 Revenue Expenses Cleaning supplies Electricity Maintenance Nages and salaries Depreciation Rent Adeinistrative expenses Total expense Net operating incoe 2560 2,620 2.260 3.500 6,000 2.000 4,95 39, 940 5 5.140 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 (le, zero variance). Input all amounts es positive values.) Lavage Rapide Flexible Boyet Performance Report For the Month Ended August 31 Pro Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 2,670 2,260 8,500 6,000 8,00 4,950 39.940 $ 3,140 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 Budget Actual Results 8.800 Cars washed Planning Budget S 43 080 Revenue Expenses Cleaning Supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 7,560 2,670 2.260 8.500 6.000 8,000 4,950 39.940 3.140 5