Help Save & E Che 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, 2e Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 0.60 Se.le 0.2e 0.3e 9 3 $4, 58,39 $2.ee $1,Bee $0.92 For example, electricity costs are $1,200 per month plus $0.10 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.80 per car washed The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,600 $ 59,900 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 5,600 2,020 1,940 7,210 8,300 2,300 1,878 29,240 $ 30,660 Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and act August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8,600 Planning Budget Cars washed Revenue 59,900 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 5,600 2,020 1,940 7,210 8,300 2,300 1,870 29,240 30,660 Rent Administrative expenses Total expense Net operating income $ Problem 9-19 Flexible Budget Performance Reports; Working Backwards [LO9-1, LO9-2, LO9-3, LO9-4) Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate per hour" answers to 2 decimal places. 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.) Required: Complete the Production Department's Flexible Budget Performance Report Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Variances Flexible Results spending vanance Budget Activity Variances Planning Budget 9,060 Labor-hours (9) S 164,250 $ 162,180 2 1,790 8 Direct labor Indirect labor Utilities Supplies Equipment depreciation $ 7,100 + a) 4) (0) 0 6 24 U 18,878 5, 024 1,840 F 1,510 4 None ,604 79,000) None R 1200 + $ 1.509) Factory administration Total expense S 322,066 2001