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

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility ne Montreal. The following table provides data concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Fixed Cost per Month $ 1,300 Rent Cost per Car Washed $ 0.80 $ 0.07 $ 0.15 $ 0.30 $ 4,000 $ 8,100 $ 2,100 Administrative expenses $ 1,400 $ 0.05 For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company expects wash 8,300 cars in August and to collect an average of $6.50 per car washed.
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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility ne Montreal. The following table provides data concerning the company's costs: For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company expects 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: Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each voriance by selecting " F " for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero voriance). Input all amounts as positive values. Do not round intermediate calculations.) 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.)

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