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		$ 0.40
Electricity	$ 1,200	$ 0.08
Maintenance		$ 0.20
Wages and salaries	$ 4,100	$ 0.40
Depreciation	$ 8,100
Rent	$ 2,200
Administrative expenses	$ 1,400	$ 0.04

For example, electricity costs should be $1,200 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.70 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	8,400
Revenue	$ 57,710
Expenses:
Cleaning supplies	3,820
Electricity	1,834
Maintenance	1,900
Wages and salaries	7,780
Depreciation	8,100
Rent	2,400
Administrative expenses	1,632
Total expense	27,466
Net operating income	$ 30,244

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.

Required: Prepare a flexible budget performance report that shows the company's 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