Exercise 9-13 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] 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: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Pixed Cost per Month Cost per Car Washed $0.40 $ 0.07 $ 0.25 $ 1,500 $ 4,400 $ 0.40 $ 8,300 $2,200 $ 1,800 $ 0.03 For example, electricity costs should be $1,500 per month plus $0.07 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 311 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 8,100 $ 53,300 3,700 2,030 2,240 7,960 8,300 2,400 1,940 28,570 $ 24,730