EXERCISE 9-9 Flexible Budget LO1] Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concerning the company's costs: Cost per Car Washed $0.70 $0.10 $0.30 $0.40 Fixed Cost per Month Cleaning supplies.... $1,400 Wages and salaries. Depreciation Rent $4,700 $8,300 $2,100 $1,800 $0.05 For example, electricity costs are $1,400 per month plus S0.10 per car washed. The company expects to wash 8,000 cars in October and to collect an average of $5.90 per car washed. Required: Prepare the company's planning budget for October. Refer to the data for Auto Lavage in Exercise 9-9.The actual operating results for October appear below: Auto Lavage Income Statement For the Month Ended October 31 8,100 $49,300 Revenue. Expenses: Cleaning supplies Electricity 6,100 2,170 Wages and salaries....8,260 Depreciation 8,300 2,100 Total expense . 31,870 Flexible Budgets and Performance Analysis Prepare a report showing the company's activity variances for October