4 Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,200 2.2 points $53,940 eBook Print References Revenue Expenses : Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 6,170 1,618 2,670 6,180 8,400 2,400 1,905 29,343 $24,597 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.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Revenue and Flexible Results Spending Variances Budget Activity Variances Planning Budget my Work 4 August. (indicate the effect of eacn variance by selecting "F" tor Tavorapie, "U" tor untavorapie, ana "none" for no erTect (I.e., zero variance). Input all amounts as positive values.) 2.2 points Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Revenue and Flexible Results Spending Variances Budget 8,200 Activity Variances Planning Budget eBook Cars washed Print References Revenue $ 53,940:1 6,170 Expenses: Cleaning supplies Electricity Maintenance 1,618 2,670 6,180 Wages and salaries Depreciation Rent 8,400 2,400 Administrative expenses Total expense Net operating income 1,905 29,343 24,597 $ Check my work 4 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 Cost per per Month 2.2 points $1,000 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed $0.70 $0.08 $0.30 $0.20 eBook $4,200 $8,400 $2,200 $1,600 Print $0.05 References For example, electricity costs are $1,000 per month plus $0.08 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,200 $53,940 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 6,170 1,618 2,670 6,180 8,400 2 AAA Rent