Exercise 9-9 Prepare a Report Showing Revenue and Spending Variances (L09-2] 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 Fixed Cost per Month $1,100 Cleaning Supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed 50.70 $0.05 50.30 $0.30 54,100 58,500 $1,900 $1,400 $0.0 For example electricity costs are $1,100 per month plus $0.05 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 per car washed. The actual operating results for August are as follows Lavage Rapide Income Statement For the Month Ended August 31 Actul cars washed $300 551,00 Revenue Expenses Cleaning Supplies Electricity Haintenance Wages and salaries Depreciation Rent Adelinistrative expenses Total expense Net operating Inco 6,240 1,40 2,700 6,920 0,500 2,100 1,710 20.650 $ 21,650 Required: Calculate the company's revenue and spending variances for August (indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effectie, zero variance). Input all amounts as positive values. Do not round Intermediate calculations.)