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Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Required: Prepare a flexble budget performance report for August Note: 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 \begin{tabular}{|c|c|c|c|c|c|} \hline & \begin{tabular}{l} Actual \\ Results \end{tabular} & \begin{tabular}{l} Flexible \\ Budget \end{tabular} & & & \begin{tabular}{l} Planning \\ Budget \end{tabular} \\ \hline Cars washed & 8,400 & 7 & & ? & \\ \hline Revenue & 55,220 & P & & & \\ \hline \multicolumn{6}{|l|}{ Expenses: } \\ \hline Cleaning supplies & 5,480 & F & & & \\ \hline Electricity & 2,117 & & & & \\ \hline Maintenance & 2,730 & 7 & & & \\ \hline Wages and salaries & 7,250 & & & & \\ \hline Depreciation & 8,000 & & & & \\ \hline Rent & 2,300 & & & & \\ \hline Administrative expenses & 1,915 & & = & \& & \\ \hline Total expenses & 29,792 & & & & \\ \hline Net operating income & 25,428 & 18 & & & \\ \hline \end{tabular} Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Required: Prepare a flexble budget performance report for August Note: 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 \begin{tabular}{|c|c|c|c|c|c|} \hline & \begin{tabular}{l} Actual \\ Results \end{tabular} & \begin{tabular}{l} Flexible \\ Budget \end{tabular} & & & \begin{tabular}{l} Planning \\ Budget \end{tabular} \\ \hline Cars washed & 8,400 & 7 & & ? & \\ \hline Revenue & 55,220 & P & & & \\ \hline \multicolumn{6}{|l|}{ Expenses: } \\ \hline Cleaning supplies & 5,480 & F & & & \\ \hline Electricity & 2,117 & & & & \\ \hline Maintenance & 2,730 & 7 & & & \\ \hline Wages and salaries & 7,250 & & & & \\ \hline Depreciation & 8,000 & & & & \\ \hline Rent & 2,300 & & & & \\ \hline Administrative expenses & 1,915 & & = & \& & \\ \hline Total expenses & 29,792 & & & & \\ \hline Net operating income & 25,428 & 18 & & & \\ \hline \end{tabular}

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