Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company$$s costs:

Fixed Cost per Month Cost per Car Washed

Cleaning supplies $ $0\mathrm{.}60$

Electricity $ $1,400$ $ $0\mathrm{.}08$

Maintenance $ $0\mathrm{.}20$

Wages and salaries $ $4,800$ $ $0\mathrm{.}40$

Depreciation $ $8,300$

Rent $ $2,200$

Administrative expenses $ $1,700$ $ $0\mathrm{.}01$

For example, electricity costs should be $$1,400$ per month plus $$0\mathrm{.}08$ 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 $5,540$

Electricity $2,042$

Maintenance $1,920$

Wages and salaries $8,520$

Depreciation $8,300$

Rent $2,400$

Administrative expenses $1,684$

Total expenses $30,406$

Net operating income $ $27,974$

Required:

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

Note: 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.

Note: 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.