Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the companys costs:

	Fixed Cost per Month			Cost per Car Washed
Cleaning supplies				$	0.50
Electricity	$	1,300		$	0.10
Maintenance				$	0.15
Wages and salaries	$	4,300		$	0.40
Depreciation	$	8,500
Rent	$	2,000
Administrative expenses	$	1,400		$	0.05

For example, electricity costs are $1,300 per month plus $0.10 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.00 per car washed.

The actual operating results for August appear below.

Lavage Rapide Income Statement For the Month Ended August 31
Actual cars washed		8,200
Revenue	$	50,700
Expenses:
Cleaning supplies		4,550
Electricity		2,080
Maintenance		1,455
Wages and salaries		7,900
Depreciation		8,500
Rent		2,200
Administrative expenses		1,705
Total expense		28,390
Net operating income	$	22,310

NEED TO FILL IN:

Required:

Complete the flexible budget performance report that shows the companys activity variances and revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Revenue and Spending Variances Activity Variances

Revenue

Expenses:Cleaning supplies

Electricity

Maintenance

Wages and salaries

Depreciation

Rent

Administrative expenses

Total expense

Net operating income