Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries. Depreciation Administrative expenses Rent Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance For example, electricity costs should be $1,000 per month plus $0.07 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Wages and salaries. Depreciation Rent Administrative expenses Total expenses Net operating income Cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Fixed Cost per Cost per Month Car Washed $ 0.70 $ 0.07 $ 0.10 $ 0.40 Administrative expenses Total expenses Net operating income $1,000 $ 4,300 $ 8,100 $ 2,000 $ 1,600 Required: Prepare a flexible budget performance report for August. Note: 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. $ 8,500 $ 55,860 Actual Results 6,380 1,558 1,080 8,020 8,100 2,200 1,836 29,174 $ 26,686 $ 0.04 Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 8,500 $ 55,860 6,380 1,558 1,080 8,020 8,100 2,200 1,836 29,174 26,686 Flexible Budget Planning Budget