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 Month Cost per Car Washed Cleaning supplies   $ 0.70 Electricity $ 1,400 $ 0.09 Maintenance   $ 0.10 Wages and salaries $ 4,500 $ 0.30 Depreciation $ 8,100   Rent $ 1,800   Administrative expenses $ 1,800 $ 0.01 For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.80 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,600 Revenue $ 59,900 Expenses:   Cleaning supplies 6,450 Electricity 2,135 Maintenance 1,090 Wages and salaries 7,410 Depreciation 8,100 Rent 2,000 Administrative expenses 1,785 Total expense 28,970 Net operating income $ 30,930 Required: Prepare a flexible budget performance report that shows the company’s revenue and spending variances and activity variances 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 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 Cost per Car Washed Cleaning supplies   $ 0.80 Electricity $ 1,200 $ 0.15 Maintenance   $ 0.20 Wages and salaries $ 5,000 $ 0.30 Depreciation $ 6,000   Rent $ 8,000   Administrative expenses $ 4,000 $ 0.10   For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed.   The actual operating results for August are as follows:   Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,800 Revenue $ 43,080 Expenses:   Cleaning supplies 7,560 Electricity 2,670 Maintenance 2,260 Wages and salaries 8,500 Depreciation 6,000 Rent 8,000 Administrative expenses 4,950 Total expense 39,940 Net operating…

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 Costper Month Cost perCar Washed Cleaning supplies       $ 0.80   Electricity $ 1,100   $ 0.05   Maintenance       $ 0.30   Wages and salaries $ 4,800   $ 0.20   Depreciation $ 8,200         Rent $ 1,900         Administrative expenses $ 1,700   $ 0.03       For example, electricity costs are $1,100 per month plus $0.05 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 per car washed.   The actual operating results for August are as follows:   Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed   8,500       Revenue $ 56,700 Expenses:   Cleaning supplies   7,220 Electricity   1,490 Maintenance   2,760 Wages and salaries   6,840 Depreciation   8,200 Rent   2,100 Administrative…

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 Month Cost per Car Washed Cleaning supplies   $ 0.40 Electricity $ 1,200 $ 0.07 Maintenance   $ 0.15 Wages and salaries $ 4,100 $ 0.20 Depreciation $ 8,300   Rent $ 1,900   Administrative expenses $ 1,500 $ 0.02   For example, electricity costs should be $1,200 per month plus $0.07 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.90 per car washed. Required: Prepare the company’s flexible budget for August.