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	$	1,100		$	0.08
Maintenance				$	0.25
Wages and salaries	$	4,900		$	0.20
Depreciation	$	8,100
Rent	$	2,100
Administrative expenses	$	1,800		$	0.03

For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.50 per car washed.

The actual operating results for August appear below.

Lavage Rapide
Income Statement
For the Month Ended August 31
Actual cars washed		8,300
Revenue	$	55,400
Expenses:
Cleaning supplies		4,600
Electricity		1,726
Maintenance		2,290
Wages and salaries		6,900
Depreciation		8,100
Rent		2,300
Administrative expenses		1,946
Total expense		27,862
Net operating income	$	27,538

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 Flexible Results Budget 8,300 8,300 Planning Budget 8,200 Cars washed Revenue $ 55,400 F U U 4,600 1,726 F. U Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 2,290 U U U None None 6,900 8,100 2,300 1,946 Rent None Administrative expenses F Total expense 27,862 U U Net operating income $ 27,538 F F