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For example, electricity costs should be $1,500 per month plus $0.05 per car washed. The company expects to wash 8,100 cars in August and to

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For example, electricity costs should be $1,500 per month plus $0.05 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.80 per car washed. The actual operating results for August ate as follows: Required: Calculate the company's revenue and spending variances for August. Note: Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Lavage Rapide } \\ \hline \multicolumn{3}{|c|}{ Revenue and Spending Variances } \\ \hline \multicolumn{3}{|c|}{ For the Month Ended August 31} \\ \hline Revenue & 2,100 & F \\ \hline \multicolumn{3}{|l|}{ Expenses: } \\ \hline Cleaning supplies & (500) & u \\ \hline Electricity & 1,875 & F \\ \hline Maintenance & & u \\ \hline Wages and salaries & & u \\ \hline Depreciation & 0 & None \\ \hline Rent & 200 & 0 \\ \hline Administrative expenses & & F \\ \hline Total expense & & u \\ \hline Net operating income & & F \\ \hline \end{tabular} For example, electricity costs should be $1,500 per month plus $0.05 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.80 per car washed. The actual operating results for August ate as follows: Required: Calculate the company's revenue and spending variances for August. Note: Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Lavage Rapide } \\ \hline \multicolumn{3}{|c|}{ Revenue and Spending Variances } \\ \hline \multicolumn{3}{|c|}{ For the Month Ended August 31} \\ \hline Revenue & 2,100 & F \\ \hline \multicolumn{3}{|l|}{ Expenses: } \\ \hline Cleaning supplies & (500) & u \\ \hline Electricity & 1,875 & F \\ \hline Maintenance & & u \\ \hline Wages and salaries & & u \\ \hline Depreciation & 0 & None \\ \hline Rent & 200 & 0 \\ \hline Administrative expenses & & F \\ \hline Total expense & & u \\ \hline Net operating income & & F \\ \hline \end{tabular}

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