Ch.9 Homework A Soved Exercise 9-13 Revenue and Spending Variances [LO9-3] 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 per Month $1,400 Cost per Car Washed $0.60 $9.06 $0.25 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses ebook $4,600 $8,500 $2,1ee $1,629 $0.01 Print For example, electricity costs are $1.400 per month plus $0.06 per car washed. The company expects to wash 8.300 cars in August and to collect an average of $5.90 per car washed. References The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,480 $ 51,870 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 5,480 1,868 2.315 7.450 8, see 2,380 1.583 29,496 $ 21,574 Requlred: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlance). Input all amounts as positive values.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue $ 2.100 F Expenses: Cleaning supplies 500U Electricity 30F Maintenance 240 F Wages and salaries 360 F Depreciation O None Rent 200U Administrative expenses 100 F Total expense 1.430U Net operating income S 670 F