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: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed cost Cost per per Month Car Washed $ 0.40 $ 1,300 $ 0.07 $ 0.20 $ 4,900 $ 0.30 $ 8,500 $ 2,000 $ 1,400 $ 0.04 For example, electricity costs should be $1,300 per month plus $0.07 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.00 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 8,400 Revenue $ 51,900 Expenses: Cleaning supplies 3,820 Electricity 1,851 Maintenance 1,900 Wages and salaries 7,750 Depreciation 8,500 Rent 2,200 Administrative expenses 1,632 Total expense 27,653 Net operating income $ 24, 247 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.) 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.) Answer is not complete. Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue $ (2,100) X Expenses: Cleaning supplies (500) X Electricity 30 X Maintenance 240 x 360 Wages and salaries Depreciation Rent 0 200 Administrative expenses 100 x Total expense 1,170 X Net operating income $ 930 x