Required: 1. Prepare a flexible budget performance report for October. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) 2. Prepare a comprehensive performance report for October. Assume that the static budget for October was based on an activity level of 8,800 cars. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) 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 expected costs: For example, electricity costs are $2,260 per month plus $0.30 per car washed. The company expects to wash 8,800 cars in Octobe and to collect an average of $8.60 per car washed. Auto Lavage's actual level of activity was 8,900 cars. The actual revenues and expenses for October are given below