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 Cont per Month $1,100 Cleaning supplies Electricity Maintenance Nages and salaries Depreciation Rent Adinistrative expenses Cost per Car Washed 50.70 $0.05 $0.10 $0.10 $4,700 $0,400 $1,900 $1.600 30.04 For example, electricity costs should be 51400 per month plus $0.05 per car washed. The company expects to wash 9,300 cars in August and to collect an average of $6.50 per car washed. The actual operating results for August are as follows Lavage Rapide Income Statement TOE the Month Ended August 31 Actual cars washed 100 536,050 Reven Expenses cleaning supplies Electricity Maintenance Wages and sales Depreciation Rent ministrative expenses Total expense het operating Income 6,310 1.795 1,070 0,380 3.100 2.100 32 2017 $26,173 Required: Calculate the company's revenue and spending variances for August (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None' for no effect ( tero variance). Input all amounts as positive values) VaRapide Revenue and spending Villance For the Month Ended Aug 1 For the Month Ended August 31 Actual cars washed 8.400 $ 56,050 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 6,310 1,705 2,070 8,330 8, 400 2,100 1,832 29,877 $26,173 Required: Calculate the company's revenue and spending variances for August (Indicate the effect of each variance by selecting "F" favorable. "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Lavage Rapido Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Ront Administrative expenses Total expense Net operating income