Exercise 9-13 (Algo) Prepare a Flexible Budget Performance Report (L09-4) Lavage Rapides 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 PER Det Coat per Car Washed 10.60 50.00 10.15 00.20 cleaning Supplies Eier intenance Nages and balar Depreciation Rent Antrative expenses $1,100 14.000 18.000 $2,000 $1,600 30.03 For example, electricity costs should be $1100 per month plus 5008 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.50 per car washed The actual operating results for August are as follows Lavage Epide Income Statement For the Month Ended Aug 31 Rotul Or washed 0.400 556.050 Revenue Expenses Cleaning supplies Electriety Maintenance Nages and salaries Depreciation Rent Administrative expenses Total expense Het operating in 5,400 1.735 1.85 6, 120 8.000 2,200 1.749 27.466 $2,502 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 "Pfor favorable, "U" for unfavorable, and "None" for no effect file zero variance). Input all amounts as positive values.) La Hapide No C 9 1.400 6.26 0.000 Maintenance Rages and salari Depreciation Rent Administrative expenses Total expense Net operating Income 2. od 6.6 points 2,549 27.468 928.582 eBook 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 effectie, zero variance). Input all amounts as positive values.) Print References Lavage Rapide Flexible Budget Pedomance Report For the Month Ended August 31 Actual Revenue and Flexible Results Spending Variances Budget 8.400 Activity Variances Planning Budget Cars washed Revenue $ 56.050 Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income U U None U None 5.480 1,734 1485 6820 8.000 2.200 1,749 27 468 28 582 None U $