Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tabie provides estimates concerning the company's costs: For example, electricity costs should be $1,500 per month plus $0.06 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.00 per car washed The actual operating results for August are as foliows: Required: Prepore a fexible budgot performance report that shows the company's revenue and spending variances and activity Tariances for August (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no tifect (lie., 2ero variance). Input all amounts as positive values.) Required: Prepare a flexble budget periormance 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 unfaverable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tabie provides estimates concerning the company's costs: For example, electricity costs should be $1,500 per month plus $0.06 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.00 per car washed The actual operating results for August are as foliows: Required: Prepore a fexible budgot performance report that shows the company's revenue and spending variances and activity Tariances for August (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no tifect (lie., 2ero variance). Input all amounts as positive values.) Required: Prepare a flexble budget periormance 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 unfaverable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)