2 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 Cost per per Month Car Washed Cleaning supplies $0.00 Electricity $1,300 $0.07 Maintenance 00.25 Wages and salaries 55,000 $0.30 Depreciation 18,300 Rent $1,800 Adatinistrative expenses 51,400 $0.03 20 points wow For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $5.90 per car washed. The actual operating results for August are as follows: 2 For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $5.90 per car washed. The actual operating results for August are as follows: 20 points Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,100 eBook $ 49,300 Revenge Expenses cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 6,900 1,830 2,240 7,760 8,300 2.000 1,540 30,570 $ 18,730 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 3 apter y w o Saved Help Save & Exit Sub 2 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance), Input all amounts as positive values. Do not round intermediate calculations.) 0 oints ook Paint Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Ravenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income