Exercise 9.12 (Algo) Revenue and Spending Variances [LO9-3] Lavage Rapide is a Canadian company thot owns and operates a large outomatic car wash facility near MontreaL. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,100 per month plus $010 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6,30 per car washed. The actual operating results for Aupust are as follows: Required: 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 (i.e., zero variance), Input all amounts as positive values.) Lavage Rapide Revenue and Spending Variances. For the Month Ended August 31 Revonue Expenses: Cloaning supplios Eloctricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income