8 Exercise 9-14 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 de concerning the company's costs Fixed cost Cleaning supplies Electricity Maintenance opes and salaries Depreciation ont Asinistrative expenses cost per Cerested 10.10 $6.10 50.10 18.20 $4,900 18,300 $2,200 $1,500 $0.02 For example, electricity costs are $1300 per month plus $010 per car washed The company expects to wash 8.100 cars in August and to collect an average of 56 60 per car washed The actual operating results for August appear below. Lapide In Statement to the Month Ended A1 Actu cars wanted 3,20 Revende Expenses Cleaning supplies Electricity Maintenance Wages and series Deprecati Rent Administrative experes Total expense iwt operating incom 6,120 2, 1.05 8, e. 2.400 1.562 $21.11 Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. (Indiente the effect of each variance by selecting "F" for favorable, "Ufor unfavorable and "None" for no effect fi.e., zero variance). Input all amounts as positive values.) Lavage Rapide Far Month med Acha Budget Dude Cars washed 8,200 s 55,500 Revenue Expres Cleaning supplies Eleinty Maintenance Wages and are Depreciation 8,170 2.000 1.060 0,880 2.300 2.400 1562 20.442 27.118 Aanstvene Tot espere Net operating income 5