10. Loraine Rogers is an American company that owns and operates a large car detailing facility near Toronto. The following table provides data concerning the company's costs:

For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed.

Calculate the company's revenue and spending variances for August.

Fixed Cost per Month Cost per Car Washed $0.80 $0.15 $0.20 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,200 $5,000 $6,000 $8,000 $4,000 $0.10 Income Statement For the Month Ended August 31 Actual cars washed 8,800 $43, 080 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 7,560 2,670 2,260 8,500 6,000 8,000 4,950 39,940 $ 3, 140 Revenue and Spending Variances For the Month Ended August 31 Revenue U Expenses: Cleaning supplies U Electricity U Maintenance U Wages and salaries U Depreciation None Rent None Administrative expenses U Total expense U Net operating income U CO