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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

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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: For example, electricity costs should be $1,400 per month plus $0,07 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.70 per car washed. The octual operating results for August are as follows: Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. Note: Indicate the effect of each variance by selecting " F " for favorable, " U " for untavorable, and "None" for no effect (i.e, zero variance), Input all amounts as positive values

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