Exercise 9-13 (Algo) Prepare a Flexible Budget Performance Report (L09-4) 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: Fixed Cont Cost per per Month Car Washed Cleaning supplies $0.50 Electricity $1,000 $0.09 Maintenance Wages and salaries $4,700 Depreciation $8,100 Administrative expenses $1,700 50.04 $0.10 $0.20 Rent $2,100 For example, electricity costs should be $1,000 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.20 per car washed The actual operating results for August are as follows: Lavage rapide Income statement For the Month Ended August 31 Actual care washed 8,300 Revenge $52,940 Expenses cleaning supplies 4,600 looteleity 1.708 Maintenance 1,060 Wages and salarien 6,700 Depreciation 0.100 Rent 2,300 Administrative expenses 1,920 Total se 26/396 Het operating income 526,544 Total expense Net operating income 20,390 $ 26,544 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 (i.e., zero variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Budget 8,300 es Planning Budget Cars washed $ 52,940 Revenue Expres Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 4,6001 1,700 1.000 6,700 3.100 2.300 1.920 26,390 26.044 Administrative per Telepon Net operating income S