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 Fixed Cost per Month $1,500 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed se.80 se.e9 $0.15 Se 3e $4,000 58,500 $2,100 $1,600 $e.es For example, electricity costs are $1,500 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.80 per car washed The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,40 $ 58,540 Revenue Expenses: Cleaning supplies 7,140 ers, 11. Or Savo Help Sav For example, electricity costs are $1,500 per month plus $0.09 per car washed. The company expects to wash 8,300 car and to collect an average of $6.80 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,400 Revenue $ 58, 540 Expenses: Cleaning supplies 7,140 Electricity 2,217 Maintenance 1,485 Wages and salaries 6,850 Depreciation 8,5ee Rent 2,300 Administrative expenses 1,749 Total expense 30, 241 Net operating income $ 28, 299 Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for noe variance). Input all amounts as positive values.) 633 101 Next > HE nep 5 Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Revenue and Flexible Results Spending Variances Budget 8.400 8,400 Activity Variances Planning Budget 8.400 Cars washed $ 58,540 207 7,140 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 2,217 1.485 6,850 8,500 2,300 1.749 30.241 $ 28 299 ar in in Nert