Each chart needed , explanation appreciated !
Fixed Cost per Month $1,300 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.50 $0.10 $0.30 $ 0.30 $4,500 $8,100 $1,900 $1,300 $ 0.03 For example, electricity costs are $1,300 per month plus $0.10 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.40 per car washed. Required: Prepare the company's planning budget for August Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 0 0 Fixed Cost per Month Cost per Car Washed $ 0.70 $ 0.08 $ 0.20 $ 0.30 Cleaning Supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,100 $4,500 $8,100 $2,000 $1,600 $0.95 For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.50 per car washed. Required: Prepare the company's flexible budget for August Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 0 0 Fixed Cost per Month Cost per Car Washed $0.80 $0.09 50.15 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,400 $4,200 $8,400 $2,100 $1,600 $0.03 For example, electricity costs are $1,400 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.20 per car washed. The company actually washed 8,300 cars in August Required: Calculate the company's 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 variance). Input all amounts as positive values.) Lavage Rapide Activity Variances For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income