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3 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 1.68 points Fixed Cost Cost per per Month Car Washed 0.40 0.09 0.20 0.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,500 eBook $4,900 $8,480 $1,900 Print $1,700 0.04 For example, electricity costs are $1,500 per month plus $0.09 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.80 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 8,600 Actual cars washed Revenue 59,900 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 3,900 2,235 1,940 6,960 8,400 2,100 1,940 Total expense 27,475 Net operating income $32,425 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.) age Flexible Budget Performance Report For the Month Ended August 31 Actual Planning Flexible ud Bud Cars washed 8,600 Revenue S 59,900 Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 3,900 2,235 1,940 6,960 8,400 2,100 1,940 27,475 S 32,425 Total expense Net operating income