Exercise 9-13 (Algo) 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 estimates concerning the company's costs Fixed cost cost per per Month Car Washed Cleaning Supplies $ 0.00 Electricity $ 1,200 $ 0.05 Maintenance $ 0.25 Hages and salarles 5.4.100 $ 0.30 Depreciation $ 8,300 Rent $ 1,900 Administrative expenses $ 1,800 $ 0.04 For example, electricity costs should be $1.200 per month plus $0.05 per car washed The company expects to wash 8.300 cars in August and to collect an average of $6.80 per car washed The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,400 Revenue $ 58,540 Expenses: Cleaning supplies 7,140 Electricity 1,585 Maintenance 2,315 Wages and salaries 6,950 Depreciation 8,300 Rent 2,100 Administrative expenses 2,032 Total expense 30,422 Net operating income $ 28,118 N. Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Rosults Flexible Budget Planning Budget 8,400 58,540 $ Cars washed Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 7.140 1.585 2,315 6,950 8,300 2,100 2,032 30,422 28.118 s