9 HW.22 G Saved 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 per Month $1,400 Cost per Car Washed 30.60 $0.06 $0.25 $0.40 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses OK $4,500 $8,400 $1,900 $1,300 $0.02 For example, electricity costs are $1.400 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August ond to collect an average of $6,60 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 8.200 $55,560 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 5,360 1,856 2.265 8,100 8,400 Saved For example, electricity costs are $1,400 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.60 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, 200 $55, 560 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 5,360 1,856 2,265 8,100 8.400 2,100 1,362 29, 443 $26.117 Required: Calculate the company's revenue and spending variances for August (indicate the effect of each vartance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Lavage Rapide Revenue and Spendina Variances YO 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.) -6 eBook Print References Lavage Rapide 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