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: Fixed Cost per Month Cleaning supplies Electricity $1,000 Maintenance Wages and salaries $4,100 Depreciation $8,300 Rent $1,900 Administrative $1,300 expenses cost per Car Washed $0.40 $0.08 $0.25 $0.30 $0.03 For example, electricity costs are $1,000 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: company expects to wash 8,200 cars in August and to collect an average of $6.40 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 $54,580 Expenses: Cleaning supplies 3,780 Electricity 1,626 Maintenance 2,290 Wages and 6,920 salaries Depreciation 8,300 Rent 2,100 Administrative 1,446 expenses Total expense 26,462 Net operating $28,118 income Total expense Net operating income 26,462 $28,118 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 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and sales Depreciation Rent Administrative expenses Total expense Net operating income