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 Coat per Month Cont per Car Washed $0.80 $0.15 $0.20 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,200 $5,000 $6,000 $8,000 $4,000 $0.10 For example, electricity costs should be $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Inded August 31 Actual cars washed 8,800 $43,000 Revenue Expense 1 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 7.560 2.670 2,260 8,500 6.000 8.000 4,950 39,940 $ 3.140 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.) Nages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 8,500 6,000 8,000 4,950 39.940 $ 3,140 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as pos ok st nes Lavape Rapide Revenue and Spending Variances For the Month Endod August 31 Revenue s 44,100 Expenses: Cleaning supplies 7,040F Electricity 2,5201F Maintenance 1,800F Wages and salaries 7,700FF Depreciation 6,000 F Rent 8,000 F Administrative expenses 4,000FF Total expense 37.250 Net operating income $ 6,850 F MacBook Al DOO > FB FIO %