Please help prepare a flexible budget performance report that shows the companys revenue and spending variances and activity variances for August.

Lavage 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 per Month Cost per Car Washed $0.70 $0.9 $0.15 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,100 $4,809 $8,388 $1,900 $1,700 $0.92 For example, electricity costs should be $1,100 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.30 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, see $ 55,020 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 6,380 1,826 1,500 7,680 8, 3ee 2, lee 1,768 29, 554 $ 25,466 Required: Prepare a flexible budget performance report that shows the company's revenue and spending varlances and activity varlances 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 Actual Revenue and Flexible Spending Variances Budget Results Activity Variances Planning Budget Cars washed 8,500 Revenue $ 55,020 Expenses: 6,380 Cleaning supplies Electricity Maintenance 1,826 Wages and salaries Depreciation Rent 1,500 7,680 8,300 2,100 1,768 Administrative expenses Total expense 29,554 25,486 Net operating income