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Lovage Rapide is a Canadian company that owns and operates a large sutomatic car wosh facility near Montreal. The following table provides estimates concerning the
Lovage Rapide is a Canadian company that owns and operates a large sutomatic car wosh facility near Montreal. The following table provides estimates concerning the compsny's costs: For exsmple, electricity costs should be $1,200 per month plus $0.10 per car woshed. The compeny expects to wash 8,200 cars in August and to collect an average of $6.30 per car woshed. The sctual operating results for August are as follows: 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 varlance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values.)
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