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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 companys costs:
Fixed Cost per Month Cost Lavage Rapide
Flexible Budget Performance Report
For the Month Ended August 31
\table[[,\table[[Actual],[Results]],\table[[Flexible],[Budget]],\table[[Planning],[Budget]]],[Cars washed,8,100,,],[Revenue,54,100,,],[Expenses:],[Cleaning supplies,4,500,,],[Electricity,2,190,,],[Maintenance,1,440,,],[Wages and salaries,8,160,,],[Depreciation,8,400,,],[Rent,2,100,,],[Administrative expenses,1,760,,],[Total expense,28,550,,],[Net operating income,25,550,,]]per Car Washed
Cleaning supplies $ 0.50
Electricity $ 1,500 $ 0.09
Maintenance $ 0.15
Wages and salaries $ 4,600 $ 0.40
Depreciation $ 8,400
Rent $ 1,900
Administrative expenses $ 1,700 $ 0.02
For example, electricity costs should be $1,500 per month plus $0.09 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.50 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 8,100
Revenue $ 54,100
Expenses:
Cleaning supplies 4,500
Electricity 2,190
Maintenance 1,440
Wages and salaries 8,160
Depreciation 8,400
Rent 2,100
Administrative expenses 1,760
Total expense 28,550
Net operating income $ 25,550
Required:
Prepare a flexible budget performance report that shows the companys 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.
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