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 cost per month $1,500 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.70 30.10 50.20 $8.40 $4,700 58, 100 $2,000 $1,Bee $0.93 For example, electricity costs are $1.500 per month plus $0.10 per car washed. The company expects to wash 8,300 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 August 31 Actual cars washed 8,400 Revenue $ 52,730 Expenses: Cleaning supplies 6,310 Electricity 2,300 Maintenance 1,900 Wages and salaries , Depreciation 2,200 Rent 2,200 Administrative expenses 1949 Total expense 31,139 Met operating income 5.21,591 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 effectie, vero variance). Input all amounts as positive values.) Lavage Rapide 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 (l.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 8.400 Planning Budget Cars washed s 52.730 6,310 2.300 5.000 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 8,380 8.100 2.200 1.940 31.129 21,591 $