Question: Are you able to answer the question laying out the chart in the exact order how it is please ? Lavage Rapide is a Canadian

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: 1 Cleaning supplies Electricity Maintenance Wages and salaries Dep reciation Rent Administrative expenses 'Fixed Cost per Cost per Month Car Washed $ 1,2 $ 4,7 $ 8,4 $ 1,900 $ 1,4 $ 0.80 $ 0.05 $ .l $ .a $ .2 For example, electricity costs should be $1,200 per month plus $0.05 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.20 per car washed. The actual operating results for August are as follows: Income Statement For the Month Ended August 31 Actuat cars washed Revenue Expenses : Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Totat expense Net operating income Required: 8,500 7,220 1,590 l,g 8,420 8,4 2, l 1 468 30 278 $ 23,902 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, for unfavorable, and *Nonet' for no effect (i.e., zero variance). Input ail amounts as positive values. Lavage Rapide Flexible Budget Performance Report Actual Results For the Month Ended August 31' Revenue and Flexible Activity Variances Spending Budget Variances Planning Budget Cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 8,500 54,180 7,220 1 ,590 1,060 8,420 8.400 100 | .468 30,278 23,902
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