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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 company's costs: For example, electricity costs should be $1,300 per month plus $008 per cer washed. The company expects to wash 8,000 cars in August and to collect an overage of $6.60 per car washed. The actual operating results for August are as follows: Required: Prepare a flexible budget performance report that shows the company's / eqvenue and spending variances and activity variances for August. Note: Indicote the effect of eoch variance by selecting "F" for fovorable, " U " for unfavorable, and "None" for no effect (l.e,. zero varionce). Input all omounts as positive values. Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 \begin{tabular}{|c|c|c|c|} \hline & \begin{tabular}{l} Actual \\ Results \end{tabular} & \begin{tabular}{l} Flexible \\ Budget \end{tabular} & \begin{tabular}{l} Planning \\ Budget \end{tabular} \\ \hline Cars washed & 8,100 & & \\ \hline Revenue & $54,900 & & \\ \hline \multicolumn{4}{|l|}{\begin{tabular}{l} Expenses: \\ Cleaning supplies \end{tabular}} \\ \hline Cleaning supplies & 4.500 & & \\ \hline Electricity & 1.910 & & \\ \hline Maintenance & 1.440 & & \\ \hline Wages and salaries & 5,960 & & \\ \hline Depreciation & 8,100 & & \\ \hline Rent & 2.200 & & \\ \hline Administrative expenses & 2,000 & & \\ \hline Total expense & 26,110 & & \\ \hline Net operating income & 28.790 & & \\ \hline \end{tabular}

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