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: Cost per Fixed Cost per Month $ 1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed $0.80 $0.15 $0.20 $0.30 $5,000 $6,000 $8,000 $ 4,000 $0.10 For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 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 8,800 $ 43,080 7,560 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 2,670 2,260 8,500 6,000 8,000 4,950 39,940 $ 3, 140 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 Rapide Flexible Budget Performance Report For the Month Ended August 31 Revenue and Spending Flexible Variances Budget Actual Results 8,800 Activity Variances Planning Budget Cars washed Revenue $ 43,080 $ 44,100 Expenses: 7,560 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 2,670 2,260 8,500 6,000 Rent 8,000 Administrative expenses 4,950 39,940 Total expense Net operating income $ 3,140