Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.80 Electricity $ 1,200 $ 0.06 Maintenance $ 0.20 Wages and salaries $ 4,600 $ 0.20 Depreciation $ 8,200 Rent Administrative expenses $ 1,900 $ 1,700 $ 0.01 For example, electricity costs should be $1,200 per month plus $0.06 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.20 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 8,500 Revenue $ 54,180 Expenses: Cleaning supplies 7,220 Electricity 1,674 Maintenance 1,920 Wages and salaries: 6,640 Depreciation 8,200 Rent 2,100 For example, electricity costs should be $1,200 per month plus $0.06 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.20 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 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses. Total expenses Net operating income 8,500 $ 54,180 7,220 1,674 1,920 6,640 8,200 2,100 1,684 29,438 $ 24,742 Required: Prepare a flexible budget performance report for August. Note: 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 Cars washed Revenue Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Results 8,500 $ 54,180 Expenses Cleaning supplies 7,220 Electricity 1,674 Maintenance 1,920 Wages and salaries 6,640 Depreciation 8,200 Rent 2,100 Administrative expenses 1,684 Total expenses 29,438 Net operating income $ 24,742 Flexible Budget Planning Budget