Homework Sved Help Save & EX Chec 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 Coast per Month $1,500 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.70 $0.06 $0.25 $0.20 $4,300 $8,300 $1,800 $1,700 $0.03 For example, electricity costs should be $1,500 per month plus $0.06 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 8,300 552,120 Revenue Expenses Cleaning supplies Electricity Maintenance 6,240 1.962 2,290 A Pr 20 Help Save & Exit Check my 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Results Flexible Budget Planning Budget Cars washed 8,300 Revenue $ 52,120 Expenses Cleaning supplies 6,240 Electricity 1,962 Maintenance Wages and salaries Depreciation 2.290 6,300 8,300 2,000 Rent Administrative expenses 1,846 Total expenso 28,938 23.182 Net operating income $ 29 Pr 20