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Just the blanks. thank you! Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following

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Just the blanks. thank you!

Lavage Rapide is a Canadian company that 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 $ 1,500 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.70 $ 0.07 $ 0.25 $ 0.30 $ 4,200 $ 8,500 $ 2,100 $ 1,700 $ 0.04 For example, electricity costs should be $1,500 per month plus $0.07 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.00 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 8,600 Revenue $ 53, 100 Expenses : Cleaning supplies 6,450 Electricity 2,065 Maintenance 2,365 Wages and salaries 7,110 Depreciation 8,500 Rent 2,300 Administrative expenses 1,940 Total expense 30, 730 Net operating income $ 22,370 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 (i.e., zero variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Results Flexible Budget Planning Budget 8,600 8,500 Cars washed Revenue 8,600 53,100 $ $ 1,500 F $ 51,600 $ 600 F 51,000 6,450 6,020 70 u 5,950 430 U F 2,065 U 2,095 2,365 215 U 2,150 250 2,125 7,110 U 6,750 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 8,500 2,300 U O None 200U F 8,500 2,100 0 None 0 None 8,500 2,100 2,040 1,940 U 30,730 U U 29,560 21,440 $ 22,370 F F $

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