Exercise 9-11 (Algo) Activity Variances (LO9-2] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates conceming the company's costs: Fixed Cost per Month $1,300 Cleaning sopplies Electricity Maintenance Wages and salaries Depreciation Cost per Car Washed $0.80 $0.06 $0.30 50.30 $8,400 $2,200 $1,800 Administrative expenses $0.02 For example, electricity costs should be $1,300 per month plus $0.06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.20 per car washed. The company actually washed 8,400 cars in August Required: Calculate the company's activity varlances for August. (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect i.e., zero variance). Input all amounts os positive values.) Lavage Rapide Activity Variances For the Month Ended August 31 5140017 Rovence For example, electricity costs should be $1,300 per month plus $0,06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.20 per car washed. The company actually washed 8,400 cars in August Required: Calculate the company's activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i... zero variance). Input all amounts as positive values.) Lavape Rapide Activity Variances For the Month Ended August 31 Revenue $ 51,400 Expenses Cleaning Supplies Electricity Maintenance Wages and salanes Deprecation Rent Administrative expenses Total expense Not operating income