Lavage Rapide is a Canadian company that owns and protes a large automatic car wash feelity near Montreal. The following the provides estimates concerning the company's costs Fixed cost Coster per Month Car Washed Cleaning supplies 50.80 Electricity $1,200 Maintenance $0.15 50.20 Wages and salaries $5.000 50.30 Depreciation $6,000 Rent $8,00 Administrative expenses 54.000 50.10 For example, electricity costs should be $1.200 per month plus $0.15 per car washed. The company expects to w 9.000 cars in August and to collect an average of $4.90 per car washed. The actual operating results for August are as follows: Lavage Rapide Incone Statement For the Month Ended August 31 Actual cars washed 8,800 Revenue $43,080 Expenses Cleaning supplies 7.560 Electricity 2,670 Maintenance 2,260 Wages and salaries Depreciation 6,600 Rent 8,000 Administrative expenses 4,950 Total expense 39,940 Net operating income $ 3,140 8.500 Lavage Rapido Flexible Budget Performance Report For the Month Ended August 31 Revenue and Spending Flexible Variances Budget Actual Results 8,800 PJ Activity Variances ars washed avenue $ 43,080 7,560 2,670 2.260 8,500 penses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent administrative expenses expense operating income 6,000 8,000 4,950 39,940 $ 3,140