Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.60
Electricity	$ 1,300	$ 0.05
Maintenance		$ 0.25
Wages and salaries	$ 4,800	$ 0.30
Depreciation	$ 8,300
Rent	$ 2,200
Administrative expenses	$ 1,400	$ 0.01

For example, electricity costs should be $1,300 per month plus $0.05 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.80 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	$ 59,220
Expenses:
Cleaning supplies	5,540
Electricity	1,690
Maintenance	2,340
Wages and salaries	7,680
Depreciation	8,300
Rent	2,400
Administrative expenses	1,384
Total expense	29,334
Net operating income	$ 29,886

Required:

Prepare a flexible budget performance report that shows the companys revenue and spending variances and activity variances for August.

Note: 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	Revenue and Spending Variances		Flexible Budget	Activity Variances		Planning Budget
Cars washed	8,500
Revenue	$59,220
Expenses:
Cleaning supplies	5,540
Electricity	1,690
Maintenance	2,340
Wages and salaries	7,680
Depreciation	8,300
Rent	2,400
Administrative expenses	1,384
Total expense	29,334
Net operating income	$29,886