5 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash tacility near Montreal. The following table provides estimates concerning the company's costs. Fixed Cost per Month $1,200 Cleaning Supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.80 50.05 30.25 50.40 Book 14,300 $3,300 $1,900 $1,700 $0.02 Print ferences For example, electricity costs should be $1.200 per month plus $0.05 per car washed. The company expects to wash 8,200 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 Actual cars washed 3.300 Revenue Expensest Cleaning supplies 7,060 Check my For example, electricity costs should be $1,200 per month plus $0.05 per car washed. The company expects to wash 8,200 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 Actual cars washed Book 3, 100 Print $ 54, 580 erences Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Het operating income 7,860 1,500 2,290 7,940 8,360 2,100 1,764 31.034 $ 23,546 Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for 5 Lavage Rapide Flexiblo Budget Performance Report For the Month Ended August 31 Actual Revenue and Flexible Results Spending Variances Budget 8,300 ints Activity Variances Planning Budget Cars washed eBook Print $ 54,580 References Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Not operating income 7,060 1,580 2,290 7.940 8,300 2.100 1,764 31,034 23,546