provides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost Cost per per Month Car Washed $ 0.40 $ 1,400 $ 0.08 $ 0.30 $ 4,100 $ 0.40 $ 8,400 $ 2,000 $ 1,700 $ 0.05 For example, electricity costs should be $1,400 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 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: 8,500 $ 56,700 3,860 2,042 2,760 7,820 8,400 2,200 2,020 29,102 $ 27,598 Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for