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 Coat per Month $1.100 cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cont per Car Washed $0.80 $0.05 $0.30 $0.20 54,800 $8,200 $1,900 $1,700 $0.03 For example, electricity costs are $1,100 per month plus $0.05 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement Tor the Month Ended August 31 Actual cars washed 8,500 $ 56,700 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Not operating income 7,220 1.490 2,760 6,840 8,200 2.100 1,852 30,462 $ 26, 238 Required: Deanna aflovina hidrat norformance rahast that show the romane revenite and enandinn warianrat antarwitu varianrain 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 (.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 8,500 Planning Budget Cars washed $ 56,700 5 6,800 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating incomo 7.220 1,490 2,760 6,840 8.200 2,100 1,852 30,462 26.238 $