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Lavage Rapide is a Canadian compary that owns and operates a large autamatic car wash facility near Montreal. The following table provides estimates concerning the
Lavage Rapide is a Canadian compary that owns and operates a large autamatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: For example, wlectrichy costs should be $1,400 per month plus $0.07 per car washad. The company axpects to wash 8,200 cars in August and to collect an averege of $6.70 per caf washed. The ectual operating results for August are as folows: Required: Calculate the compery's revenue and spending veriences for August Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le., zero variance). Input all amounts as positive values
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