Exercise 9-12 (Algo) 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 ta provides estimates concerning the company's costs: For example, electricity costs should be $1,000 per month plus $0.06 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.60 per car washed, The actual operating results for August are as follows: For example, electileliy costs should be $1,000 per month plus 40,06 per car washed, the compariy expects to wash 8,000 cars in August and to collect an average of \$,6.60 per car washed. The actual operating results for August are as follows: Required: Calculate the company's tevenue and spending varlances for August. (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.)