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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the

image text in transcribedimage text in transcribed Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,100 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 company actually washed 8,300 cars in August. Required: Calculate the company's activity 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.) \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Lavage Rapide } \\ \hline \multicolumn{3}{|c|}{ Activity Variances } \\ \hline \multicolumn{3}{|c|}{ For the Month Ended August 31} \\ \hline Revenue & p & \\ \hline Expenses: & & \\ \hline Cleaning supplies & P & \\ \hline Electricity & P & \\ \hline Maintenance & p & \\ \hline Wages and salaries & p & \\ \hline Depreciation & P & \\ \hline Rent & & \\ \hline Administrative expenses & 1 & \\ \hline Total expense & & \\ \hline Net operating income & 7 & \\ \hline \end{tabular}

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