APC Car Washing’s accountant has just finished themonthly figures for February 2017 and has prepared the followingschedules showing current month and year- to-date budgets andactual:
APC car washing performance analysis and varinacereport
			Feb-17		JUL2016 - Feb 2017
			budget	actual	budget
cars expected to be washed			180	195	1,440
expected revunue per job			$ 30.00	$ 35.00	$ 30.00
total revunue			$ 5,400.00	$ 6,825.00	$ 43,200.00
less: variable costs
labour cost			$ 1,080.00	$ 1,365.00	$ 8,640.00
consumables			$ 180.00	$ 210.00	$ 1,440.00
motor vehicle expenses			$ 270.00	$ 310.00	$ 2,160.00
total variable costs			$ 1,530.00	$ 1,885.00	$ 12,240.00
fix costs
advertising			$ 200.00	$ 200.00	$ 1,600.00
depreciation			$ 250.00	$ 250.00	$ 2,000.00
insurance			$ 100.00	$ 100.00	$ 800.00
mobile telephone costs			$ 150.00	$ 176.00	$ 1,200.00
office costs			$ 450.00	$ 520.00	$ 3,600.00
total fix costs			$ 1,150.00	$ 1,246.00	$ 9,200.00
total costs (variable+fixed)			$ 2,680.00	$ 3,131.00	$ 21,440.00
net income			$ 2,720.00	$ 3,694.00	$ 21,760.00
Required: Prepare a report comparing Actual toBudget for both the:
a. Current month of February, and
b. Year-to-date figures to disclose relevantvariances for revenue and cost items and to signify whether thevariance is favourable (F) or unfavourable (U).