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Exercise 9-9 (Algo) 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 Cont Cost per per Month Car Washed Cleaning supplies $ 0.50 Electricity $1,000 $ 0.09 Maintenance 5 0.25 Wages and salaries $ 4,700 $ 0.20 Depreciation $ 8,100 Rent $ 2,100 Administrative expenses $ 1,600 $ 0.04 For example, electricity costs are $1.000 per month plus $0.09 per car washed. The company expects to wash 8,300 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 wasted 8,400 Revondo 556.050 Expenses: Cleaning supplies 4.650 Electricity 1,717 Maintenance 2,313 Wages and salaries 6,220 Depreciation 8,100 Rent 2,300 Administrative expenses 1.032 Total expense 27.634 Het operating income 5.28,416 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 (i.e., zero variance). Input all amounts as positive values. Do not round Intermediate calculations.) ok ht nces Lavage Rapido Revee and Spending Variances For the Month Ended August 31 Revenue $ 56,050 Expenses: Cleaning supplies U Electricity TE Maintenance U Wages and salaries U Depreciation None Rent TU Administrative expenses E Total expense U Net operating income IF