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 company's costs Fixed Cost Cost per per Month Car Washed Cleaning supplies $ 0.80 Electricity 51,200 $ 0.15 Maintenance $ 0.20 Wages and salaries $5,000 $0.30 Depreciation $ 6,000 Rent $ 8.000 Administrative expenses $ 4,000 $9.10 For example, electricity costs should be $1.200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 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 5,800 Revenue 5.43,080 Expenses Cleaning supplies 7,560 Electricity 2.670 Maintenance 2,260 Wages and salaris 0,500 Depreciation 6,000 Rent 8,000 Aoministrative penses 4.95 Total expense 39,140 Net operating income $ 3.140 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 for favorable, "U" for unfavorable, and "None" for no effect (letero variance), Input all amounts as positive values.) 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 (ie, zero variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Flexible Budget Planning Budget Actual Results 8,800 $ 43,080 Cars washed Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrativo expenses Total expense Not operating incomo 7.560 2,670 2.260 8,500 6,000 8,000 4,950 39,940 3,140 S