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				$	0.40
Electricity	$	1,000		$	0.09
Maintenance				$	0.10
Wages and salaries	$	4,800		$	0.30
Depreciation	$	8,500
Rent	$	1,800
Administrative expenses	$	1,400		$	0.03

For example, electricity costs are $1,000 per month plus $0.09 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.40 per car washed.

The actual operating results for August appear below.

Lavage Rapide
Income Statement
For the Month Ended August 31
Actual cars washed		8,200
Revenue	$	53,940
Expenses:
Cleaning supplies		3,740
Electricity		1,699
Maintenance		1,050
Wages and salaries		7,590
Depreciation		8,500
Rent		2,000
Administrative expenses		1,543
Total expense		26,122
Net operating income	$	27,818

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 8.200 Planning Budget 8,100 Cars washed 8,200 Revenue $ 53,940 $1,460F $ 52,480 Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 3,740 1,699 1,050 7,590 8,500 2,000 1,543 26,122 $ 27,818 None None None Total expense Net operating income