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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: For example, electilcity costs should be $1,300 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.50 per car washed. The actual operating results for August are as follows: Required: Prepare a flexible budget performance report that shows the companv's revenue and spending variances and activity variances for Required: Prepare a flexible budget performance report that shows the company's revenue and spending varlances and actlvity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, ond "None" for no effect (i.e., zero variance), Input all amounts as positive values.)

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