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: B Fixed Cont per Month $1,500 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.60 30.07 $0.20 $0.40 $4,100 $8.500 $2,200 $2,600 $0.04 COS For example, electricity costs are $1,500 per month plus $0.07 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.10 per car washed. The actual operating results for August are as follows: Lavage rapide Income Statement For the Month Ended Augut 31 hetual cars washed 8,200 Revenue 551, 510 Expenses Cleaning supplies 5,360 Electricity 2,037 Maintenance 1,860 Wages and salaries 7,700 Depreciation 8,500 Rent 2,400 Administrative oxpenses 1,824 Total expense 29.681 Net operating income $21.829 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 (i.e., zero variance). Input all amounts as positive values.) Lavage Rapido Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8.200 Planning Budget Cars washed Revenue $ 51,510 Expenses: 5,360 2,037 1,860 7.700 Cleaning supplies Electricity Maintenance Wages and salarios Depreciation Rent Administrative expenses Total expense Net operating income 8,500 2.400 1,824 29,681 21,829 $