Exercise 9-13 Revenue and Spending Variances [LO9-3] Lavage Rapide provides data concerning the company's costs: is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table Fixed Cost per Month cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.70 0.06 $0.20 $0.40 $1,500 $4,500 $8,200 $1,800 $1,500 $0.04 For example, electricity costs are $1,500 per month plus $0.06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.30 per car washed. The actual operating results for August appear below Lavage Rapide Income Statement For the Month Ended August 31 Actual cars vashed 8,400 54, 390 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 6,310 1,968 1,900 8,180 8,200 2,000 1,732 30,290 Total expense Net operating income $24,100 Administrative expenses Total expense Net operating income 1,732 30,290 24,100 Required: Calculate the company's revenue and spending variances for August. favorable, "U" for unfavorable, and "None" for no effect (i.e., zero va eBook Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Print Revenue eferences Expenses Cleaning supplies Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income Mc Graw Hill