Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table...

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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: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.40 Electricity $ 1,200 $ 0.06 Maintenance $ 0.25 Wages and salaries $ 4,400 $ 0.40 Depreciation $ 8,300 Rent $ 1,900 Administrative expenses $ 1,500 $ 0.04 For example, electricity costs should be $1,200 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.70 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 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expenses Net operating income Required: 8,200 $ 56,370 3,740 1,656 2,265 8,000 8,300 2,100 1,724 27,785 $ 28,585 Prepare a flexible 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. Cars washed Revenue Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Results 8,200 $ 56,370 Expenses: Cleaning supplies 3,740 Electricity 1,656 Maintenance 2,265 Wages and salaries 8,000 Depreciation 8,300 Rent 2,100 Administrative expenses 1,724 Total expenses 27,785 Net operating income $ 28,585 Flexible Planning Budget Budget Lavage Rapide 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 $ 0.06 Maintenance $ 0.25 Wages and salaries $ 4,400 $ 0.40 Depreciation $ 8,300 Rent $ 1,900 Administrative expenses $ 1,500 $ 0.04 For example, electricity costs should be $1,200 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.70 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 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expenses Net operating income Required: 8,200 $ 56,370 3,740 1,656 2,265 8,000 8,300 2,100 1,724 27,785 $ 28,585 Prepare a flexible 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. Cars washed Revenue Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Results 8,200 $ 56,370 Expenses: Cleaning supplies 3,740 Electricity 1,656 Maintenance 2,265 Wages and salaries 8,000 Depreciation 8,300 Rent 2,100 Administrative expenses 1,724 Total expenses 27,785 Net operating income $ 28,585 Flexible Planning Budget Budget