Homework Ch 09 1 10 points 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 Cost per Der Month Car Washed Cleaning supplies Electricity 50.60 Maintenance $1,300 30.07 $0.10 Wages and salaries 54,400 50.30 Depreciation $0,300 Rent $1,900 Administrative expenses $1,700 50.es For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company expects to wash 8.400 cars in August and to collect an average of $6.20 per car washed. The actuat operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,500 Revenue 554,100 Expenses Cleaning Supplies 5,540 Electricity 1,858 Maintenance 1.08 Wages and salaries 7.280 Depreciation 8.300 2.100 Administrative extentes 2.020 Rent Next > 1 of 4 Prov ME atv S A Question 1 SI Help Save & Exit Saved Check my 09 $0.95 $1,700 Administrative expenses For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.20 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 $54,180 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 5,540 1.858 1,080 7,280 8,300 2,100 2,020 28,178 $ 26,002 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 (ie, zero variance). Input all amounts as positive values.) Lavage Rapide Next > Lavago Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8,500 Planning Budget Cars washed ook $ 54,180 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 5,540 1.858 1,080 7,280 8,300 2,100 2,020 28,178 26,002 $