Help Save & Exit Su 7 Check my wo $1,500 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Ministrative expenses $0.50 $0.00 $0.15 $0.20 $4,100 $8,000 $1,900 $1,400 ts 30.04 02:31:49 For example, electricity costs are $1,500 per month plus $0.08 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.00 per car washed. The actual operating results for August appear below. Lavage Rapide Income statement For the Month Ended August 31 Actual cars washed 8,100 Revenue $50,100 Expenses: Cleaning supplies 4,500 Electricity 2,110 Maintenance 1.440 Wages and salaries 6,060 Depreciation 8,000 Rent 2.100 Administrative expenses 1,620 Total expense 25,830 Net operating income $24.270 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 effectie, zero variance). Input all amounts as positive values.)