Question: How do I complete the flexible budget performance report that shows the company's activity variances and revenue and spending variances for August? Please show work.

How do I complete the flexible budget performance report that shows the company's activity variances and revenue and spending variances for August? Please show work.
How do I complete the flexible budget performance report that shows the
company's activity variances and revenue and spending variances for August? Please show

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost per Month $1,300 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $940 $ 008 $ 025 50 20 $4,000 58.100 $1.900 $1,700 $ 0.02 For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 6,100 cars in August and to collect an average of 56.30 per car washed. The actual operating results for August appear below. Lava Rapide Income Statement For the Month Ended August 31 553 130 Expo Cleaning Supplies Actual cars washed Revenue 8,200 Elec Wanance Wages and sales Depreciation Rent Administrative expenses Total expense Net Operating income 3,740 1,018 2,265 5.900 8,100 2,100 1.762 25065 $27.265 Required: Complete the flexble budget performance report that shows the company's activity variances and revenue and spending variance for August (indicate the effect of each variance by selecting for favorable, or unfavorable, and "None" for no effect zero variance Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Revenue and Spending Variances Activity Variances Revenue Exames Cleaning als M U tu Mantan H NI Deprecation ROM Ad expenses ON None None

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