please show work, Im lost!
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 Cost per Month $1,300 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.60 $0.08 $0.15 $0.20 $4,100 $8,100 $2,100 $1,800 $0.94 For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $5.90 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,400 $51,070 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 5, 480 1,934 1,485 6,120 8,100 2,300 2,032 27,451 $23,619 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.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8,400 8,400 Planning Budget 8,400 Cars washed Revenue $ 51,070 Expenses Cleaning supplies Flectricity 5,480 For the Month Ended August 31 Actual Flexible Results Budget 8,400 8,400 Planning Budget 8,400 Cars washed Revenue $ 51,070 5,480 1,934 1,485 Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 6,120 8,100 2,300 2,032 27.451 23,6197 $