9 Exerclse 9-14 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 data concerning the company's costs: 10 points Fixed Cost per Month Cost per Car Washed Cleaning supplies Electricity Maintenance $e.88 $8.15 $e.28 $8.38 $1,288 eBook $5,800 $6,808 $8,8e8 $4,ee0 Wages and salaries Depreciation Rent Print Administrative expenses $8.18 For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed. Reterences The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,880 $ 43.888 Revenue Expenses: Cleaning supplies Electricity Maintenance 7,568 2,676 2,260 8,58e 6,88e 8,880 Wages and salaries Depreciation Rent Administrative expenses Total expense 39,948 $ 3,146e Net operating income Requlrec Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for 9 Requlrec Prepare a flexible budget performance report that shows the company's revenue and spending varlances and activity varlances for August. (Indicate the effect of each varlance by selecting "F for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positlve values.) 10 points avage Rapide Flexible Budget Performance Report eBook For the Month Ended August 31 Planning Budget Actual Flexible Results Budget Print Cars washed 8,800 Revenue 5 43,080 References Expenses: Cle 7,560 aning supplies Electricity 2,670 Maintenance 2,260 Wages and salaries 8,500 Depreciation 6,000 Rent 8,000 Administrative expenses 4,950 Total expense 39,940 Net operating income S 3.140