2. Prepare a comprehensive performance report for October. Assume that the statlc budget for October was based on an activity level of 9,600 cars. (Indlcate the effect of each varlance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (I.e., zero varlance).) AUTO LAVAGE INC. Flexible Budget Performance Report For the Month Ended October 31 \begin{tabular}{|c|c|c|c|c|} \hline & \begin{tabular}{l} Cost Formula \\ (per car) \end{tabular} & Actual & \begin{tabular}{l} Flexible \\ Budget \end{tabular} & \begin{tabular}{c} Flexible Budget \\ Variance \end{tabular} \\ \hline & & & & 7 \\ \hline \multicolumn{5}{|l|}{ Variable Expenses: } \\ \hline 7 & & & & \\ \hline 7 & & & & \\ \hline & & & & L \\ \hline 7 & & & & 7 \\ \hline & & & & \\ \hline & & & & 7 \\ \hline & & & & 7 \\ \hline Total variable expenses & 0.00 & 0 & 0 & 7 \\ \hline z & 0 & 0 & 0 & r \\ \hline Fixed expenses: & & & & \\ \hline & & & & z \\ \hline & & & & \\ \hline & & & & 7 \\ \hline 7 & & & & \\ \hline & & & & 7 \\ \hline & & & & \\ \hline & & & & \\ \hline Total fixed expenses & & 0 & 0 & \\ \hline & & $ & 0 & \\ \hline \end{tabular} Required: 1. Prepare a flexible budget performance report for October. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concerning the company's expected costs: For example, electricity costs are $3,160 per month plus $0.20 per car washed. The company expects to wash 9,600 cars in October and to collect an average of $7.50 per car washed. Auto Lavage's actual level of activity was 9,700 cars. The actual revenues and expenses for October are given below