pters 9, 10, 11, & 12 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost per Month Cost per Car Washed $e.se $0.07 50.25 se.39 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,100 54,100 $8,eee $1,900 $1,800 se.04 For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company expects to wash 8.200 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed B, 30e $57,848 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 4,602 1,644 2,298 6,928 8,000 veis. 12 Saved Depreciation Rent Administrative expenses Total expense Net operating income 8,000 2,100 2,028 27,582 $29,458 Required: 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 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 Actual Revenue and Flexible Results Spending Variances Budget 8,300 Activity Variances Planning Budget Cars washed Revenue $ 57,040 Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 4,600 1,644 2,290 6,920 8,000 2.100 2,028 earch O 22