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Exercise 9-9 (Algo) Prepare a Report Showing Revenue and Spending Variances [LO9-2] Lavage Rapide is a Canadian company that owns and operates a large automatec
Exercise 9-9 (Algo) Prepare a Report Showing Revenue and Spending Variances [LO9-2] Lavage Rapide is a Canadian company that owns and operates a large automatec car wash facilly near Moritreal, The following table provides datn concerning the company's costs For example, electricity costs are $1,100 per month plus 50.07 per car washed The company expects to wash 8,300 cars in August and to collect an average of $610 per car woshed The actual operating results for August are as follows: 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 (c.e, zero variance). Input all amounts as positive values. Do not round intermediate calculations)
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