Saved Exercise 9-14 Prepare a Flexible Budget Performance Report (L09.4) 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 $1,400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cont per Car Washed $0.40 $0.09 $0.25 $0.30 $4,800 $8,400 $2,100 $1,400 $0.03 For example, electricity costs are $1.400 per month plus $0.09 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.90 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual car washed B. 100 $57,300 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Het operating income 3.700 2.090 2,240 7.560 2,400 2,300 1,540 27,00 $ 29, 470 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 flerere variance). Input all amounts as positive values.)