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 Cast per Month Cost per Car Washed 50.30 50.00 $0.30 $0.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,300 $4,500 $8,300 $2,000 $1,600 $0.05 For example, electricity costs are $1.300 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.40 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 3,500 $ 55.860 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 7,220 1,942 2.750 6,640 8,300 2,200 1,920 30,982 5.24,878 Administrative expenses 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 oferch variance by selecting "F" for favorable, "U" for unfovorable, 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 8.500 Planning Budget Cars washed $ 55 800 7.220 1942 Revenue Expenses Cleaning Supplies Electricity Maintenance Wages and sales Depreciation Rent Adminstrative expenses 2.780 6,640 300 2200 1,920 30,982 24.878 Netopeng income