B Exercise 9-14 Prepare a Flexible Budget Performance Report [LO9-4) Lavage Rapide 8 a Canadian company that owns and operates a large automatic car wash facility neat Montreal. The following table provides cats concerning the companys costs: per Moth $1,300 Cont per Car Washod $0.00 30.07 50.20 30.10 Electricity Maintenance Waandis Depreciation $9,100 58200 11,00 $1.00 30.04 For example electricity costs e S1 200 per month $007 per car washed. The company expects to wash 8.200 cars in August ned to collect an average of 56 30 per car washed The operating Tests for August appear below Actual 33700 ti 1.4 2. ou 8 50.30 Mares and sales Depreciation Rott Administrative anses H4,100 53,200 $1,800 $1.00 125 om For example, electricity costs are $1.200 per month plus $0,07 pH cat washed. The company expects to wash 8.200 cars in August and to collect an average of $6.30 per car washed The actual operating results for August appear below Walde To Set For the Month west 31 Ebe Class try Maintenance Wees and salt Dupreeletion 1. 1.10 3,700 2,000 torte Inco 5.27.2 Required: Prepare a flexible budget performance report that shows the company venue and spending variances and city variances lo August (indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effectivero verience, noutoll amount positive values.) 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 (.o., zero variance). Input all amounts as positive volues.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8300 Planning Budget 5 53,700 ve Ex Chama su Lecce 3.700 1,844 1,880 Deprecation Roni 0920 8.200 2.000 120 27.300