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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning
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: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month Cost per Car Washed $0.60 $1,500 $0.09 $0.20 $4,100 $0.20 $8,300 $2,200 $1,800 $0.04 For example, electricity costs are $1,500 per month plus $0.09 per car washed. The company expects to wash 8,100 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 Actual cars washed 8,200 Revenue $55,560 Expenses: Cleaning supplies 5,360 Electricity 2,199 Maintenance 1,8601 Wages and salaries 6,080 Depreciation 8,300 Rent 2,400 Administrative expenses 2,024 Total expense 28,223 Net operating income $27,337 Required: Prenare a flexible hudoet nerformance report that shows the comnanu's revenue and spending variances and activity variances for
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