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 Cost per Month Car Washed Cleaning supplies $ 0. 70 Electricity $ 1,100 $ 0.05 Maintenance $ 0.10 Wages and salaries $ 4,200 $ 0.30 Depreciation $ 8,100 Rent 5 2,000 Administrative expenses 5 1,600 $ 0.02 For example, electricity costs should be $1,100 per month plus $0.05 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 company actually washed 8,100 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.) Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 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 estimates concerning the company's costs: Fixed Cost per Cost per Month Car Washed Cleaning supplies 5 0.50 Electricity 5 1,000 5 0.03 Maintenance 5 0.25 Wages and salaries $ 4,400 3 0.30 Depreciation $ 8,100 Rent $ 1,300 Administrative expenses $ 1,500 $ 0.03 For example, electricity costs should be $1,000 per month plus $0.08 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.40 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 $ 56,500 Expenses: Cleaning supplies 4,750 Electricity 1,650 Maintenance 2,365 Wages and salaries 7,310 Depreciation 8,100 Rent 2,000 Administrative expenses 1,655 Total expense 27,830 Net operating income 5 28,670 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.) AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February: Fixed Variable Actual Component Component Total for per Month per Job February Revenue 5 278 S 38 , 950 Technician wages S 8,100 $ 7,950 Mobile lab operating expenses S 4,700 $ 33 $ 9,490 Office expenses S 2,400 $ 3 $ 2,700 Advertising expenses S 1,600 $ 1,670 Insurance S 2,890 $ 2,890 Miscellaneous expenses $ 970 S 2 S 575 The company uses the number ofjobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $33 perjob, and the actual mobile lab operating expenses for February were $9,490. The company expected to work 150jobs in February, but actually worked 158jobs. Required: Prepare a flexible budget performance report showing AirGual Test Corporation's revenue and spending variances and activity variances for February. (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.) Jobs Revenue Expenses: Technician wages 7.950 --l_|--_ Mobile lab operating expenses 9,490 - -'-|- - - Ofce expenses 2,700 - -'-|- - _ Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income