Exercise $9-13($Algo$)$ Prepare a Flexible Budget Performance Report $[$L$09-4]$

Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs:

$\backslash$table$[[,\backslash$table$[[$Fixed Cost$],[$per Month$]],\backslash$table$[[$Cost per$],[$Car Washed$]]],[$Cleaning supplies,,$$0\mathrm{.}50$Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company$$s costs:

Fixed Cost per Month Cost per Car Washed

Cleaning supplies $ $0\mathrm{.}50$

Electricity $ $1,100$ $ $0\mathrm{.}06$

Maintenance $ $0\mathrm{.}20$

Wages and salaries $ $5,000$ $ $0\mathrm{.}30$

Depreciation $ $8,300$

Rent $ $1,800$

Administrative expenses $ $1,400$ $ $0\mathrm{.}02$

For example, electricity costs should be $$1,100$ per month plus $$0\mathrm{.}06$ per car washed. The company expects to wash $8,200$ cars in August and to collect an average of $$6\mathrm{.}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 $8,300$

Revenue $ $53,760$

Expenses:

Cleaning supplies $4,600$

Electricity $1,562$

Maintenance $1,880$

Wages and salaries $7,820$

Depreciation $8,300$

Rent $2,000$

Administrative expenses $1,464$

Total expenses $27,626$

Net operating income $ $26,134$

Required:

Prepare a flexible budget performance report for August.

Note: 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.