Exercise 9-13 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 data concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed cost Cost per per Month Car Washed $0.80 $1,100 $0.07 $0.25 $4,400 $0.20 $8,100 $2,100 $1,700 $0.03 ces For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.20 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 8,300 Revenue $52,940 Expenses : Cleaning supplies 7,060 Electricity 1,644 Maintenance 2,290 Wages and salaries 6,400 Depreciation 8,100 Rent 2,300 Administrative 1,846 expenses Total expense 29,640 Net operating income $23,300 Required: Calculate the company's revenue and spending variances for Au by selecting "F" for favorable, "U" for unfavorable, and "None" 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