Lavage Raplide is a Canadian company that owns and operates a large automatic car wash facility near Montreal The following table prowides data concerning the company's costs Fixed Cost Cost per per Month car Washed $0.80 $0.15 $0.20 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries $,000 Depreciation Rent Administrative expenses $1,200 $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 ot $4.90 per car washed The actual operating results for August appear below. Lavage Rapide For the Month Ended August 31 Actual cars vashed 8,800 543 080 Expenses Cleaning supplies 7,560 2,670 2,260 Nages and salaries 8,500 6,000 8,000 Electricity Maintenance Depreciation Administrative ,950 39,940 Net operating income 140 expenscs Total expense Required: Prepare a filexible budget performance report that shows the company's revenue and spending variances and actlvity varlances 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.) age Flexible Budget Performance R For the Month Ended August 31 Flexible Actual Planning Cars washed 8,800 $43.080 Revenue Expenses: Cleaning supplies 7,560 2,670 2260 8,500 6,000 8,000 Maintenance Rent 4,950 39,940 3,140 Total Net operating income