Question: 20 points 00:18:06 eBook Print References Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for

20 points 00:18:06 eBook Print References 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.) Cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Results 8,600 $ 58,200 $ 5,600 1,750 1,940 7,610 8,400 2,000 1,585 28,885 29,315 Flexible Budget Planning Budget

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