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: Fixed cost Cost per Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses per Month Car Washed $ 8.7e $ 1,300 $9.99 $ 0.15 $ 4,100 $ 8.20 $ 8,300 $ 2,800 $ 1,600 $9.01 For example, electricity costs should be $1,300 per month plus $0.09 per car washed. The company expects to wash 8.400 cars in August and to collect an average of $6.80 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,500 Revenue $ 59, 220 Expenses: Cleaning supplies 6,388 Electricity 2,826 Maintenance 1, see Wages and salaries 6,140 Depreciation 8,300 Rent 2,200 Administrative expenses 1,584 Total expense 28,13 Net operating income $ 31,990 Required: 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 (l.e., zero varlance). Input all amounts as positive values.)