Question: Exercise 9.13 (Static) Prepare a Flexible Budget Performance Report [LO9-4] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash

Exercise 9.13 (Static) Prepare a Flexible Budget Performance Report [LO9-4] 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: For example, electricity costs should be $1,200 per month plus $015 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4,90 per car washed. The actual operating results for August are as follows. Required: Prepare a flexible budget performance report that shows the company's revenie and spending variances and activity variances for. August. (Indicate the effect of eoch variance by selecting "F" for fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e. variance). Input all amounts as positive values.)
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