2 points eBook Print References 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 Fixed Cost per Month $ 1,200 $ 4,000 $ 8,300 $ 2,200 $ 1,400 Cost per Car Washed $ 0.60 $ 0.06 $ 0.30 $ 0.40 $ 0.02 For example, electricity costs should be $1,200 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.20 per car washed. The actual operating results for August are as follows:

Lavage Rapide owns and operates a large automatic car wash focility near Montreal. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,200 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.20 per car washed. The actual operating results for August are as follows: Required: Prepare a flexible budget performance report for August. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, a variance). Input all amounts as positive values. Lavege Rapide Fiexiblo Budget Porformance Roport For the Month Ended August 31 \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ For the Month Ended August 31} \\ \hline & \multicolumn{2}{|c|}{\begin{tabular}{l} Actual \\ Results \end{tabular}} & Activity Variances & \multirow[t]{2}{*}{\begin{tabular}{l} Floxible \\ Budget \end{tabular}} & & \begin{tabular}{l} Planning \\ Budget \end{tabular} \\ \hline Cars washed & & 8.200 & & & & \\ \hline Revenue & $ & 52,320 & & & & \\ \hline \multicolumn{7}{|l|}{ Expenses: } \\ \hline Cleaning supplies & & 5,360 & & & & \\ \hline Electricity & & 1,656 & & & & \\ \hline Maintenance & & 2.670 & & & & \\ \hline Wages and salaries & & 7,600 & & & & \\ \hline Depreciation & & 8,300 & & & & \\ \hline Rent & & 2,400 & & & & \\ \hline Administrative expenses & & 1,462 & & & & \\ \hline Total expenses & & 29,448 & & & & \\ \hline Net operating income & $ & 22,872 & & & & \\ \hline \end{tabular}