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 company's costs Fixed Cost Cost per per Month Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses %0.70 0.08 $0.15 $0.20 $1,300 $4,900 $8,400 $1,900 $1,600 0.05 For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.60 per car washed The actual operating results for August appear below Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,100 $54,900 Revenue Expense:s Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 6,100 1,910 1,440 6,860 8,400 2,100 1.900 28,710 $26,190 Total expense Net operating income 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 (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 Bud Cars washed 8,100 8,000 Revenue $ 54,900 Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 6,100 1,910 1,440 6,860 8,400 2,100 1,900 28,710 $ 26,190 None None None Total expense Net operating income