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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash...

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Accounting

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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs. Fixed Cost per cost per Month Car Washed Cleaning supplies $ 0.40 Electricity $. 1,400 $ 0.07 Maintenance $ 0.30 Wages and salaries $ 5,000 $ 0.40 Depreciation $ 8,400 Rent $ 1,900 Administrative expenses $ 1.500 $ 0.05 For example, electricity costs should be $1,400 per month plus $0.07 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 are as follows: Lavage Rapide Income Statement For the Month Inded August 31 Actual cars washed 0,400 Revenue 5.51.020 Expenses Cleaning supplies 3,820 Electricity Maintenance 2,730 Wages and salaries 8.680 Depreciation 8.400 Rent 2,100 Administrative expenses 1,815 Total expense 29,496 Not operating income $ 21,574 1.951 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 svona inn all marine se ne bi

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