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: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month Cost per Car Washed $1.10 $2,910 9.50 A.70 6,100 0.80 9,700 3,500 3,240 0.08 For example, electricity costs are $2,910 per month plus $0.50 per car washed. The company expects to wash 9,400 cars in October and to collect an average of $8.20 per car washed. ned! Auto Lavage's actual level of activity was 9,500 cars. The actual revenues and expenses for October are given below: Auto Lavage Income Statement For the Month Ended October 31 Actual cars washed 9,500 Sales $80,100 Variable expenses: Cleaning supplies 10,680 Electricity 4,796 Maintenance 6,420 Wages and salaries 7,850 Administrative 810 Fixed expenses: Electricity 2,990 Wages and salaries 6,100 Depreciation 9,700 Rent 3,500 Administrative 3,145 Total expense 55,991 Net operating income $24,109 Help Save & Exit 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 INC. Flexible Budget Performance Report For the Month Ended October 31 Variable Expenses: Cost Formula (per car) Actual Flexible Budget Flexible Budget Variance Total variable expenses 0.00 0 0 Total variable expenses Fixed expenses: 0.00 0 OO 0 0 0 0 Total fixed expenses 0 0 $ 0 $ 0 2. Prepare a comprehensive performance report for October. Assume that the static budget for October was based on an activity level of 9,400 cars. (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 INC. Comprehensive Performance Report For the Month Ended October 31 Flexible Budget Actual Number of cars 9,500 Variable Expenses: Variance Flexible Static Sales Volume Variance Budget Budget 9,500 9,400 0 0 Total variable expenses 0 0 0 Fixed expenses: Fixed expenses: Total fixed expenses 0 0 0 $ 0 $ 0 $ 0