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

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Auto Lavage is a Canadian compony that owns and operates a large automatic carwash facility near Quebec. The following table. provides dots concerning the company's expected costs: For example, electricity costs are $1,950 per month plus $0,20 per car washed. The company expects to wash 8,500 cars in Octobe and to collect an average of $6.40 per car washed. Auto Lavage's actual level of octivity was 8,600 cars. The actual revenues and expenses for October are given below: Auto Lavage's actual level of activity was 8,600 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 favourable, " U " for unfavourable, and "None" for no effect (i.e., zero variance).) 1. Prepare a flexible budget performance report for October. (Indicate the effect of each variance by selecting "F" for favour for unfavourable, and "None" for no effect (l.e., zero variance).) 2. Prepare a comprehensive performance report for October. Assume that the static budget for October was based on an activity level of 8,500 cars. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).)

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