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

Cleaning supplies $ $0\mathrm{.}40$

Electricity $ $1,100$ $ $0\mathrm{.}07$

Maintenance $ $0\mathrm{.}15$

Wages and salaries $ $4,500$ $ $0\mathrm{.}30$

Depreciation $ $8,100$

Rent $ $1,800$

Administrative expenses $ $1,400$ $ $0\mathrm{.}04$

For example, electricity costs are $$1,100$ per month plus $$0\mathrm{.}07$ per car washed. The company expects to wash $8,400$ cars in August and to collect an average of $$6\mathrm{.}70$ 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 $8,500$

Revenue $ $58,380$

Expenses:

Cleaning supplies $3,860$

Electricity $1,658$

Maintenance $1,500$

Wages and salaries $7,380$

Depreciation $8,100$

Rent $2,000$

Administrative expenses $1,636$

Total expense $26,134$

Net operating income $ $32,246$

Required:

Calculate the company's revenue and spending variances for August.

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:

For example, electricity costs are $$1,100$ per month plus $$0\mathrm{.}07$ per car washed. The company expects to wash $8,400$ cars in August

and to collect an average of $$6\mathrm{.}70$ 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 variance by selecting $"$F$"$ for