EXERCISE 9-13 Revenue and Spending Variances LO9-3 Refer to the data for Lavage Rapide in Exercise 9-10. Also assume that the company's actual oper- ating results for August are as follows: Lavage Rapide Income Statement Actual cars washed Revenue... For the Month Ended August 31 8,800 $43,080 7,560 2,670 2,260 8,500 6,000 8,000 4,950 39,940 $ 3,140 Expenses: Cleaning supplies. Electricity.... Maintenance Wages and salaries Depreciation Rent Administrative expenses. Total expense Net operating income Required: Calculate the company's revenue and spending variances for August. (Hint: Refer to Exhibit 9-7.) EXERCISE 9-14 Prepare a Flexible Budget Performance Report LO9-4 Refer to the data for Lavage Rapide in Exercises 9-10 and 9-13. Required: Using Exhibit 9-8 as your guide, prepare a flexible budget performance report that shows the com- pany's revenue and spending variances and activity variances for August.