Fixed Cost per Month Cost per Car Washed $0.70 $0.07 $0.25 $0.30 cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,300 $4,200 $8,000 $2,100 $1,700 $0.04 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 $6.50 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 $ 55,400 Revenue Expenses : Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 6,240 1,844 2,290 7,020 8,000 2,300 1,928 29,622 $ 25,778 II II Required: Calculate the company's revenue and spending variances fo of each variance by selecting "F" for favorable, "U" for unf effect (i.e., zero variance). Input all amounts as positive val intermediate calculations.) 1. Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue $ 1,450 F Expenses: Cleaning supplies 430 U Electricity Maintenance Wages and salaries I Depreciation Rent Administrative expenses 11 Total expense Net operating income