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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 data concerning the

image text in transcribedLavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the companys costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.60 Electricity $ 1,300 $ 0.07 Maintenance $ 0.10 Wages and salaries $ 4,500 $ 0.30 Depreciation $ 8,200 Rent $ 2,100 Administrative expenses $ 1,800 $ 0.04 For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.80 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 8,200 Revenue $ 57,180 Expenses: Cleaning supplies 5,360 Electricity 1,837 Maintenance 1,050 Wages and salaries 7,290 Depreciation 8,200 Rent 2,300 Administrative expenses 2,024 Total expense 28,061 Net operating income $ 29,119 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.)

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost per month Cost per Car Washed $ 0.60 $ 0.07 $ 0.10 $ 0.30 cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 1,300 $ 4,500 $ 8,200 $ 2,100 $ 1,800 $ 0.04 For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.80 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 8, 200 Revenue $ 57,180 Expenses : cleaning supplies 5,360 Electricity 1,837 Maintenance 1,050 Wages and salaries 7,290 Depreciation 8, 200 Rent 2,300 Administrative expenses 2,024 Total expense 28,061 Net operating income $ 29,119 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. Do not round intermediate calculations.)

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