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Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concetning the company's

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Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concetning the company's expected costs; For example, electricity costs are $3,160 per month plus $020 per car wastred. The company expects to wash 9,600 cars in October and to colect an average of $750 per car washed Auto Lavage's actual level of activity was 9,700 cars. The actual revenues and expenses for October are given below: Required: 1. Prepare a flexible budget performance report for October. (Indicate the effect of each variance by selecting "F" for fovourable, "U" for unfovourable, and "None" for no effect (i.e., zero variance).) AUTO LAVAGE INC. Flexible Budget Performance Report For the Month Ended October 31 2. Prepare a comprehensive performance report for October. Assume that the static budget for October was based on an activity level of 9.600 cars. (Indicate the effect of each veriance by selecting " F " for favourable, "U" for unfovourable, and "None" for no effect (i.e., zero variance).)

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