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 companys costs:

	Fixed Cost per Month			Cost per Car Washed
Cleaning supplies				$	0.50
Electricity	$	1,000		$	0.07
Maintenance				$	0.20
Wages and salaries	$	4,800		$	0.30
Depreciation	$	8,100
Rent	$	2,000
Administrative expenses	$	1,800		$	0.04

For example, electricity costs are $1,000 per month plus $0.07 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.60 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		8,500
Revenue	$	57,540
Expenses:
Cleaning supplies		4,700
Electricity		1,558
Maintenance		1,920
Wages and salaries		7,680
Depreciation		8,100
Rent		2,200
Administrative expenses		2,036
Total expense		28,194
Net operating income	$	29,346

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.)

Answer is not complete. Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Revenue and Actual Flexible Spending Results Variances Budget 8,500 8.500 Activity Variances Planning Budget 8,400 Cars washed $ 57,540 $ 1,440F $ 56,100 $ 55,440 4,700 1,558 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 4,250 595 X 1,700 1,920 7,680 8,100 2,200 Administrative expenses 2,036 Total expense 28,194 $ 29,346 Net operating income