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Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost per Month $1,500 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Cost per Car Washed $ 0.80 $ 0.07 $ 0.25 $ 0.30 $4,000 $8,000 $2,100 $1,400 Rent Administrative expenses $ 0.03 For example, electricity costs are $1,500 per month plus $0.07 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.10 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,400 Revenue $52,730 Expenses: Cleaning supplies 7,140 Electricity 2,051 Maintenance 2,315 Wages and salaries 6,850 Depreciation 8,000 Rent 2,300 Administrative expenses 1,549 Total expense 30,205 Net operating income $22,525 Required: Complete the flexible budget performance report that shows the company's activity variances and revenue and spending 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 Revenue and Spending Variances Activity Variances Revenue U U Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Plus Depreciation None None None Rent Administrative expenses Total expense Net operating income Jul

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