Chapter 9 Graded Homework Saved Help Save 3 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 $0.50 $0.09 $0.15 $0.30 $1.100 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 10 points $4,300 58,200 $2,000 $1,000 04/316 $0.04 Boos For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.50 per car washed The actual operating results for August are as follows: References Lavage Rapide Income statement For the Month Ended August 31 Actual cars vashed 8,200 Revenge 554.750 Expenses Cleaning supplies 4.550 Electricity 1.799 Maintenance 1.455 Wages and salaries 7,090 Depreciation 8.200 Nant 2,200 Administrative expenses 2.024 Total expense 27318 Net operating income $27,432 hapter 9 Graded Homework saved Help Save & Exit 3 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 (i.e., zero variance). Input all amounts as positive values.) oints & 04:00 Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8.200 Planning Budget Cars washed Boo Print Revenue $ 54,750 References U U U Expenses Cleaning supplies Electricity Maintenance Wages and satenos Depreciation Rent Administrative expenses Total expense Not operating income 4,550 1.799 1,455 7,090 8.200 2200 2.024 27.318 27.432 U F U U None U F U None None u U $