Exercise 9-14 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 data concerning the company's costs: Fixed Cost Cleaning supplies Electricity Maintenance per Month. Cost per Car Washed $0.70 $1,000 $0.08 $0.25 Wages and salaries $4,300 $0.20 Depreciation $8,400 Rent $2,200 Administrative expenses $1,700 $0.02 For example, electricity costs are $1,000 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,500 Revenue $56,700 Expenses: Cleaning supplies 6,380 Electricity 1,642 Maintenance 2,340 Wages and salaries: 6,340 Depreciation 8,400 Rent 2,400 Administrative expenses 1,768 Total expense 29,270 Net operating income $27,430