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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

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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 company's costs: Fixed cost per Cost per Month Car Washed Cleaning supplies $ 0.50 Electricity $ 1.400 $ 0.06 Maintenance $ 0.30 Wages and salaries $ 4,100 $ 0.30 Depreciation $ 8,200 Rent 5 1,900 Administrative expenses $ 1,700 5.0.03 For example, electricity costs should be $1,400 per month plus $0.06 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $670 per car washed. The actual operating results for August are as follows: Lavage rapide Income statement For the Month Ended August 31 Actual car washed 6,500 Revenue 5.50.30 Ixpenses Cleaning suppllow 4.700 Electricity 1,074 Maintenance 2,760 Wages and salaries 6,980 Depreciation 0.200 Rent 2,100 Administrative expenses 1.852 Total expense Net operating income 5.29.914 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 (.e., zero variance). Input all amounts as positive values.)

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