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 $1,400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.60 $0.05 $0.15 $0.30 $5,000 $8,100 $1,800 $1,500 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.) $0.02 For example, electricity costs are $1,400 per month plus $0.05 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 washed Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue $ 1,450 F Expenses: Cleaning supplies 440U Electricity Maintenance 225 U Wages and salaries 330U Depreciation O None Rent 200U Administrative expenses Total expense Net operating income 8,400 $ 56,050 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 5,480 1,785 1,485 7,850 8,100 2,000 1,566 28, 266 $ 27,784 U