Lovage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost Cost per per Month Car Washed Cleaning supplies Electricity Maintenance Mages and salaries Depreciation Rent Administrative expenses $ 0.78 $ 1,100 $ 0.06 $ 0.15 $ 4,700 $ 0.30 $ 8,280 $ 2,080 $ 1,600 $ 0.03 For example, electricity costs should be $1,100 per month plus $0.06 per car washed. The company expects to wash 8,000 cars in August and to collect on average of $6.40 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 expense Net operating income Required: 8,100 $ 53,300 6,100 1,558 1,448 7,468 8,200 2,200 1,740 28,690 $ 24,618 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero varlance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Cars washed Revenue Actual Resulta 8,100 S 53,300 Expenses: Cleaning supplies 6,100 Electricity 1,550 Maintenance 1,440 Wages and salaries 7,460 Depreciation 8,200 Rent 2,200 Administrative expenses 1,740 Total expense 28,690 Net operating income S 24,610 Flexible Budget Planning Budget