Exercise 9-11 (Static) Activity Variances [LO9-2] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreat. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an averoge of $4.90 per car washed. The company actually washed 8,800 cars in August. Required: Calculate the company/s activity variances for August. findicate the effect of each variance by selecting "F" for favorable, " U " for unfaverable, and "None" for no effect (i.e., zero variance), Input all amounts as positive values.) 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.e., zero variance). Input all amounts as positive values.)