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 Cost per per Month Car Washed Cleaning supplies Electricity Maintenance $0.70 $1,100 $0.09 $0.20 $0.30 Wages and salaries Depreciation $4,400 $8,300 $2,000 $1,500 Rent Administrative expenses $0.02 For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.70 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 Revenue $ 57,710 Expenses: Cleaning supplies Electricity Maintenance 6,310 1,817 1,900 7,250 8,300 2,200 1,566 29,343 $ 28,367 Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 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 Planning Budget Actual Flexible Results Budget Cars washed 8,400 Revenue $ 57,710 Expenses: Cleaning supplies 6,310 Electricity 1,817 Maintenance 1,900 Wages and salaries 7,250 Depreciation 8,300 Rent 2,200 Administrative expenses 1,566 Total expense 29,343 Net operating income 28,367

Question

please help

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
Cost per
per Month
Car Washed
Cleaning supplies
Electricity
Maintenance
$0.70
$1,100
$0.09
$0.20
$0.30
Wages and salaries
Depreciation
$4,400
$8,300
$2,000
$1,500
Rent
Administrative expenses
$0.02
For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August
and to collect an average of $6.70 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
Revenue
$ 57,710
Expenses:
Cleaning supplies
Electricity
Maintenance
6,310
1,817
1,900
7,250
8,300
2,200
1,566
29,343
$ 28,367
Wages and salaries
Depreciation
Rent
Administrative expenses
Total expense
Net operating income
Expand
Transcribed Image Text

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 Cost per per Month Car Washed Cleaning supplies Electricity Maintenance $0.70 $1,100 $0.09 $0.20 $0.30 Wages and salaries Depreciation $4,400 $8,300 $2,000 $1,500 Rent Administrative expenses $0.02 For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.70 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 Revenue $ 57,710 Expenses: Cleaning supplies Electricity Maintenance 6,310 1,817 1,900 7,250 8,300 2,200 1,566 29,343 $ 28,367 Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income

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
Planning
Budget
Actual
Flexible
Results
Budget
Cars washed
8,400
Revenue
$ 57,710
Expenses:
Cleaning supplies
6,310
Electricity
1,817
Maintenance
1,900
Wages and salaries
7,250
Depreciation
8,300
Rent
2,200
Administrative expenses
1,566
Total expense
29,343
Net operating income
28,367
Expand
Transcribed Image Text

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 Planning Budget Actual Flexible Results Budget Cars washed 8,400 Revenue $ 57,710 Expenses: Cleaning supplies 6,310 Electricity 1,817 Maintenance 1,900 Wages and salaries 7,250 Depreciation 8,300 Rent 2,200 Administrative expenses 1,566 Total expense 29,343 Net operating income 28,367

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