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 30.50 Electricity Maintenance $1.500 50.02 50.15 Wages and salaries 54,200 50:30 Depreciation 8.000 $2,200 Administrative expenses 51.700 30.04 Rent For example, electricity costs should be $1.500 per month plus $0.07 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $610 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 8,200 $ 51,510 6 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 4,550 2,037 1,455 6,990 8,000 2,400 1,924 27,356 $ 24, 154 Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Floxible Budget Results Planning Budget Cars washed 8,200 $ 51,510 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Not operating income 4,550 2,037 1.455 6.990 3,000 2.400 1,924 27,350 24.154 $