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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 data concerning the
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 For example, electricity costs are $1,100 per month plus $0.09 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 appear below. Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity vatiances for August, (Indicate the effect of each variance by selecting " F " for favoroble, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive values.)
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