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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 companys costs:

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Fixed Cost par Month Cost per Car Washed $1,500 se. Cleaning supplies Electricity Mainte Wages and salaries Depreciation Runt Administrative expenses $4,000 SR, 400 $1,900 $1. For example, electricity costs are $1,500 per month plus $0.07 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.50 per car washed. The actual operating results for August appear below. Lavage Rapid Income Statement For the Month Ended Augusti Actual cars washed 8,40 Revue $ 55,85e Expenses Cleaning supplies 4.tvse Electricity Maintenance Wages and salaries Depreciation 2.100 Adwinistrative expenses 1,440 Total expense Not operating Income $ 27,520 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 (Le., zero variancel. Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Aptual Flexible Rocuito Budget 8.400 Planning Budgel Cars washed Revenue $ 5600 4.60 2.051 Expenses Cleaning supplies Electricity Maintenance Viages and salaries Depreciation Rent Administrative perses Total expense Not operating income 2730 6850 8.400 2.100 1.749 28.530 27.520 $

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