9 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data
9 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 1 Cleaning supplies $0.50 points Electricity Maintenance $1,400 $0.06 $0.20 Wages and salaries $4,500 $0.30 Depreciation $8,100 Rent $2,200 Administrative expenses $1,700 $0.02 eBook Print References For example, electricity costs are $1,400 per month plus $0.06 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 4,700 Electricity 1,874 Maintenance 1,920 Wages and salaries 7,380 Depreciation 8,100 Rent 2,400 Administrative expenses 1,768 Total expense 28,142 Net operating income $26,878 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 (i.e., zero variancal Innut all amounte se nacitive valuse
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