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 table provides estimates concerning the company's costs: Pixed cost De Month $1,300 Cleaning supplies mlectricity Maintenance Hages and malaria Depreciation Rent Administrative expenses Cost per Che Washed $0.80 $0.00 30.10 50.40 54,400 38.100 $2,200 91.600 $0.00 For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August are as follows: Lavage Replice Income statement For the Month Ended August 31 Actual cars washed 8,600 $39.050 avenue Expenses Cleaning supplies Electricity Maintenance Wages and salarios Depreciation Tent dinistrative expenses Total expense Not operating income 7.300 1,950 1.090 B.160 3.100 2,400 1,800 DRO 528.210 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 (.e., zero variance). Input all amounts as positive values.) 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