Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility provides data concerning the company's costs: Fixed Cost per Month Cost per Car Washed $0.50 $0.08 $0.30 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,000 $4,600 $8.18 $2,100 $1,400 se. For example, electricity costs are $1.000 per month plus $0.08 per car washed. The company expo 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 8.50 $ 55, 860 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 5,540 1,642 2,760 7,480 8,180 2,38 1,384 29,206 .5 26,654 Required: Prepare a flexible budget performance report that shows the company's revenue and spending varia August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, an variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8,500 Plan Budg Cars washed $ 55.860 Revenue Expenses Cleaning supplies Electricity Maintenance 5.540 1.642 2.700 Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget -8.500 Planning Budget Cars washed $ 55.880 5.540 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 1,842 2.780 7.480 8.100 2.300 1,384 20.200 28.654 $ 3 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal The following table provides dels concerning the company's costs month Cleaning polis Electricity Maintenance hendri Depreciation Cara 10.6 . SO se. 54. 18. 12. 51.com 30.01 For example, electricity costs are $1000 per month plus 5008 per car washed. The company expects to wash 8.400 RS in August and to collect an average of 56 40 per car washed The actual operating results for August are as follows: References whet Lp Cleanings 1. 2.1 Deprecati 2. 27 el Required Prepare a xe bude performance report shows the company and spending vances and activity variances to August Indicate the teacherence by setting fortevole. Ufor unft, and one for ne effet variance Internetes