19 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tableprovides estimates concerning the company's costs:Cleaning supplies.ElectricityMaintenanceWages and salaries.DepreciationRentAdministrative expensesActual cars washedRevenueExpenses:For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8,400 cars inAugust and to collect an average of $6.60 per car washed.The actual operating results for August are as follows:Lavage RapideIncome StatementFor the Month Ended August 31Cleaning suppliesElectricityMaintenanceWages and salaries.DepreciationRentFixed Cost Cost per Carper MonthWashed$ 1,400$ 4,600$ 8,300$ 1,900$1,400Administrative expensesTotal expenseNet operating income8,500$ 57,5407,2202,1262,3407,480$ 0.80$ 0.09$ 0.25$ 0.308,3002,1001,38430,950$26,590$ 0.01Required:Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances forAugust.Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zerovariance). Input all amounts as positive values. Cars washedRevenueExpenses:Cleaning suppliesElectricityMaintenanceWages and salariesDepreciationRentAdministrative expensesTotal expenseNet operating incomeLavage RapideFlexible Budget Performance ReportFor the Month Ended August 31ActualResults8,500$ 57,5407,2202,1262,3407,4808,3002,1001,38430,950$ 26,590FlexibleBudgetPlanningBudget

Revenue and spending variance is computed as Actual results less flexible budget amounts.Activity…

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: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.60 per car washed. The actual operating results for August are as follows: Wages and salaries Depreciation Rent Lavage Rapide Income Statement For the Month Ended August 31 Administrative expenses Total expense Net operating income Required: Drena Fixed Cost Cost per Car per Month Washed $ 1,400 $4,600 $ 8,300 $ 1,900 $ 1,400 flexibl 8,500 $ 57,540 7,220 2,126 2,340 7,480 $0.80 $ 0.09 $ 0.25 $ 0.30 8,300 2,100 1,384 30,950 $26,590 $ 0.01