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 Cost Per Car Washed
Cleaning Supplies $0.80
Electricity $1200 $0.15
Maintenance $0.20
Wages and Salaries $5000 $0.30
Depreciation $6000
Rent $8000
Administrative Expenses $4000 $0.10

For example, electricity costs are $1,200 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.30 per car washed. The actual operating results for August are as follows:

Lavage Rapide Income Statement For the Month Ended August 31
Actual cars washed 8,500
Revenue $ 55,020
Expenses:
Cleaning supplies 5,540
Electricity 1,842
Maintenance 2,760
Wages and salaries 6,980
Depreciation 8,400
Rent 2,000
Administrative expenses 1,368
Total expense 28,890
Net operating income $ 26,130

Prepare the flexible budget performance report that shows the company’s activity variances and revenue and spending variances for August.