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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 Month $1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.60 50.08 50.28 50.30 54,900 $8,000 $2,200 $1,500 50.02 For example, electricity costs should be $1.200 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of 5610 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 3,400 Revenue $52,730 Expenses Cleaning supplies 5, 480 Electricity 1,834 Maintenance 1,900 Wages and salaries 7,250 Depreciation 8,000 Rent 2,400 Administrative expenses 1,566 Total expense 28930 Net operating income $23,800 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.) U Lavage Rapide Rovence and Spending Variances For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wagos and salaries Depreciation Rent Administrative expenses Total expense Nel operating income U U None U F 0

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