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 $1,200 per month plus $0.06 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.60 per car washed The actual 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. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.).

1. 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 $1,200 per month plus $0.06 per car washed. The company expects to wash
8,400 cars in August and to collect an average of $6.60 per car washed The actual 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. (Indicate the effect of each variance by
selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).
Input all amounts as positive values.)