3 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 cost per Car Washed $0.70 $0.06 $0.20 $0.40 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,400 $4,200 $8,200 $1,900 $1,800 $6.05 For example, electricity costs are $1,400 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.80 per car washed. Chapter 9 HW#22 6 Saved 3 The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8, 200 1.68 points $57, 180 Book Print References Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 6,170 1,856 1,860 7,800 8, 200 2,100 2,105 30, 091 $ 27,089 woonluconco Chapter 9 HW#22 Saved 3 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 (.e., zero variance). Input all amounts as positive values.) 1.68 points Book Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8.200 Print Planning Budget References Cars washed $ 57.180 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total experise Net operating income 6,170 1,856 1,860 7,800 8,200 2100 2,105 30.091 $ 27.000