PLEASE SHOW FORMULAS AS WELL

Assignment #8 - Spring 2020 i Saved 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 company's costs: Fixed Cast per Month Cost per Car Washed $ 0.50 $ 0.08 $ 0.15 Cleaning supplies Electricity Maintenance Wages and salaries $ 1,100 points $ 9.30 $ 4.800 $ 8,00 $ 1.800 $ 1,600 Administrative expenses $ 0.03 eBook For example, electricity costs are $1,100 per month plus $0.08 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. Print Lavage Rapide Income Stateneat For the Month Ended August 31 Puctual cars washed 8.400 References Expanaca: cleaning supplies 1.650 Haintenance Wages and salaries Depreciation 7,650 8.000 Administrative expenses Total expense Net operating iacone 27,268 23,782 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 (i.e., zero variance). Input all amounts as positive values.) 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 (.e., zero variance). Input all amounts as positive values.) eBook Print Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8,400 References Planning Budget Cars washed Revenue $ 56,050 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 4,650 1,734 1,485 7,650 8,000 2,000 1,749 27,268 28,782 $