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 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $0.70 $0.10 $0.15 $0.40 $1,400 $4,300 $8,500 $1,900 $1,500 $0.01 For example, electricity costs are $1,400 per month plus $0.10 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $5.90 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 Electricit Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 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: FixedCost per Cost per Month Car Washed $0.70 $0.05 $0.15 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries $4,300 Depreciation Rent Administrative expenses $1,100 $8,300 $2,100 $1,500 $0.01 For example, electricity costs are $1,100 per month plus $O.05 per car washed. The company actually washed 8,300 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 Electricit Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 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 per Month Car Washed $0.40 $0.06 $0.25 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries $4,700 Depreciation Rent Administrative expenses $1,100 $8,100 $2,000 $1,700 $0.02 For example, electricity costs are $1,100 per month plus $0.06 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 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 Electrici Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 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 per Month Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $0.50 $0.06 $0.20 $0.30 $1,100 $4,700 $8,200 $2,200 $1,300 $0.02 For example, electricity costs are $1,100 per month plus $0.06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.60 per car washed. The actual operating results for August appear below Lavage Rapide Income Statement For the Month Ended August 31 8,400 Actual cars washed $56,880 Revenue Expenses: Cleaning supplies4,650 1,568 1,900 Wages and salaries 7,550 8,200 2,400 1,366 Electricity Maintenance Depreciation Rent Administrative expenses 27,634 Net operating income $29,246 Total expense Required Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting " for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricit Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income