4 Exercise 9-13 Revenue and Spending Variances [LO9-3] 20 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: points Fixed Cost Cost per Car Washed per Month eBook Electri upplies Maintenance Wages and salaries Depreciation s0.06 $1,200 Print $0.20 $0.30 $4,800 $8,200 References Rent Administrative expenses $1,600 0.02 For example, electricity costs are $1,200 per month plus $0.06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.00 per car washed. 4 The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 cars washed Actual 8,400 20 points $51,900 Revenue Expenses: Cleaning supplies 7,140 Main t 1.900 7,650 eBook Wages and salaries Depreciation Rent Print 8,200 2,200 References Administrative expenses Total expense 30-424 $ 21,476 Net operating income 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.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Mc