00 Exercise 9-14 Prepare a Flexible Budget Performance Report (L09.4) 125 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal The following table provides data concerning the company's costs Cleaning upplies Electricity HAN Cara 10.40 10.01 10.25 10.30 Degree Motive expense 2.600 12.10 11,00 30.63 For example, electricity costs are $1,400 per month plus $0.09 per car washed. The company expects to wash 8.000 cars in August and to collect an average of $6.90 per car washed The actual operating results for August appear below Large ten th car wash B1 Clean El . 2.1 2.SE . 3.30 32,670 Required: Prepare a feble budget performance report that shows the company's and spending variances and activity variances for August indicate the effect of each variance by selecting for favorable for unfavorable, and one for me affecte variance Input all amounts as positive values.) Exercise 9-13 Revenue and Spending Variances (LO9-3) Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed cost per Month Cost per $1,200 Cleaning supplies Electricity Maintenance Wages and walaries Depreciation Rent Administrative expenses Car Washed $9.50 $0.00 $0.15 $0.40 $4,200 $8,200 $2,100 $1,300 $0.01 For example, electricity costs are $1,200 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement Tor the Month Unded August 31 Actual cars washed 8,300 $$7.040 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and walaries Depreciation Rent Administrative expenses Total expense Het operating income 4.600 1.826 1.470 7.846 8.200 2.300 1.22 27.518 $29.522 Required: Calculate the company's revenue and spending variances for August (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.) Lavage Rapide Revenue and spending Variances