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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 automatic
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 automatic car wash facility near Montreal. The following table provides data concerning the company's costs: For example, electricity costs are $1,300 per month plus $0,07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.60 per car washed. The actual operating results for August are as follows: Required: Calculate the company's revenue and spending variances for August. (Indicote 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. Do not round intermediate calculations.)
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