Lavage Rapide 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 Rent Administrative expenses $ 0.03 For example, electricity costs should be $1,100 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.10 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 Fixed Cost per Month $ 1,100 $ 4,700 $ 8,300 $ 2,000 $ 1,800 Rent Administrative expenses Total expenses Net operating income Cost per Car Washed $ 0.80 $ 0.07 $ 0.15 $0.30 8,300 $ 52,120 7,060 1,644 1,470 7,520 8,300 2,200 1,946 36,140 $ 21,980 Required: 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 (.e., zero
Lavage Rapide 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 Rent Administrative expenses $ 0.03 For example, electricity costs should be $1,100 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.10 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 Fixed Cost per Month $ 1,100 $ 4,700 $ 8,300 $ 2,000 $ 1,800 Rent Administrative expenses Total expenses Net operating income Cost per Car Washed $ 0.80 $ 0.07 $ 0.15 $0.30 8,300 $ 52,120 7,060 1,644 1,470 7,520 8,300 2,200 1,946 36,140 $ 21,980 Required: 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 (.e., zero
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![Total expenses
Net operating income
Required:
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., zere
variance). Input all amounts as positive values.
Cars washed
Revenue
Expenses:
Cleaning supplies
Electricity
Maintenance
Wages and salaries
Depreciation
Rent
Administrative expenses
Total expenses
Net operating income
30,140
$ 21,980
Lavage Rapide
Flexible Budget Performance Report
For the Month Ended August 31
Actual
Results
8,300
$ 52,120
7,060
1,644
1,470
7,520
8,300
2,200
1,946
30,140
$ 21,980
Flexible
Budget
Planning
Budget](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd368279c-9e79-41b1-b6f0-c2d5c301fc3d%2F0a19909e-f36d-440d-b008-fd2c39eaf9f8%2Fwv7rtup_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Total expenses
Net operating income
Required:
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., zere
variance). Input all amounts as positive values.
Cars washed
Revenue
Expenses:
Cleaning supplies
Electricity
Maintenance
Wages and salaries
Depreciation
Rent
Administrative expenses
Total expenses
Net operating income
30,140
$ 21,980
Lavage Rapide
Flexible Budget Performance Report
For the Month Ended August 31
Actual
Results
8,300
$ 52,120
7,060
1,644
1,470
7,520
8,300
2,200
1,946
30,140
$ 21,980
Flexible
Budget
Planning
Budget
![Lavage Rapide 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
Rent
Administrative expenses
Actual cars washed
Revenue
Expenses:
$ 0.03
For example, electricity costs should be $1,100 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in
August and to collect an average of $6.10 per car washed.
The actual operating results for August are as follows:
Lavage Rapide
Income Statement
For the Month Ended August 31
Cleaning supplies.
Electricity
Maintenance
Fixed
Cost per
Month
$ 1,100
Wages and salaries
Depreciation
Rent
$4,700
$ 8,300
$ 2,000
$1,800
Administrative expenses
Total expenses
Net operating income i
Cost per
Car Washed
$ 0.80
$ 0.07
$ 0.15
$ 0.30
8,300
$ 52,120
7,060
1,644
1,478
7,520
8,300
2,200
1,946
30,140
$ 21,980
Required:
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 (.e., zero
variance). Input all amounts as positive values.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd368279c-9e79-41b1-b6f0-c2d5c301fc3d%2F0a19909e-f36d-440d-b008-fd2c39eaf9f8%2F9qjun2i_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Lavage Rapide 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
Rent
Administrative expenses
Actual cars washed
Revenue
Expenses:
$ 0.03
For example, electricity costs should be $1,100 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in
August and to collect an average of $6.10 per car washed.
The actual operating results for August are as follows:
Lavage Rapide
Income Statement
For the Month Ended August 31
Cleaning supplies.
Electricity
Maintenance
Fixed
Cost per
Month
$ 1,100
Wages and salaries
Depreciation
Rent
$4,700
$ 8,300
$ 2,000
$1,800
Administrative expenses
Total expenses
Net operating income i
Cost per
Car Washed
$ 0.80
$ 0.07
$ 0.15
$ 0.30
8,300
$ 52,120
7,060
1,644
1,478
7,520
8,300
2,200
1,946
30,140
$ 21,980
Required:
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 (.e., zero
variance). Input all amounts as positive values.
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