4 AaBbCcode AaBbCcDd A BoDe Nama No Spacing Hearing 1 The following table provides estimates concerning the company's costs: Cleaning supplies Fixed Cost per MonthCost per Car Washed Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 1,400 $ 4,900 $ 8,500 $ 2,200 $ 1,600 $0.50 $ 0.05 $ 0.20 $ 0.40 $ 0.05 For example, electricity costs should be $1,400 per month plus $0.05 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.10 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,100 Revenue $ 50,900 Expenses: Cleaning supplies 4,500 Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 1,770 1,840 8,460 8,500 2,400 1,900 29,370 $ 21,530 Heeding 2 N 23 AaBbCcDdE AaBbCcD AaB Narma No Spacing Heading 1 Hi 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 (i.e., zero variance). Input all amounts as positive values.) IRevenu Revenue and Spending Variances For the Month Ended August 31 Revenue: Expenses: + Cleaning Supplies: Electricity: Maintenance: Wages and Salaries: Depreciation: Rent: Administrative Expenses: Total Expense: Net Operating Income