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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 estimates concerning the

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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 estimates concerning the company's costs:
For example, electricity costs should be $1,400 per month plus $0.05 per car washed. The company expects to wash 8,100 cars in
August and to collect an average of $6.10 per car washed. The actual operating results for August are as follows:
Required:
Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for
August.
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero
variance). Input all amounts as positive values. \table[[Flexible Budget Performance Report],[For the Month Ended August 31],[,\table[[Actual],[Results]],\table[[Flexible],[Budget]],\table[[Planning],[Budget]]],[Cars washed,8,200,,],[Revenue,$,51,510,,],[Expenses:],[Cleaning supplies,6,170,,],[Electricity,1,775,,],[Maintenance,2,265,,],[Wages and salaries,6,890,,],[Depreciation,8,300,,],[Rent,2,200,,],[Administrative expenses,1,443,,],[Total expense,29,043,,],[Net operating income,22,467,,]]
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