4 Exercise 9-11 (Algo) Activity Variances [LO9-2] 1 points 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: Cleaning supplies eBook Electricity Maintenance Wages and salaries Depreciation Print Rent Administrative expenses References Fixed Cost Cost per per Month Car Washed $ 0.70 $ 1,400 $ 0.06 $ 0.15 $ 4,200 $ 0.40 $ 8,300 $ 2,100 $ 1,600 $ 0.04 For example, electricity costs should be $1,400 per month plus $0.06 per car washed. The company expects to wash 8,400 cars In August and to collect an average of $6.40 per car washed. The company actually washed 8,500 cars in August. Required: Calculate the company's activity variances for August. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values. Revenue Lavage Rapide Activity Variances For the Month Ended August 31 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income