omewone Exercise 9-9 (Algo) Prepare a Report Showing Revenue and Spending Variances [LO9-2] 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 cont per per Month Car Washed Cleaning supplies $0.40 Electricity $ 1,200 $ 0.07 Maintenance $0.30 Wages and salaries $ 4,900 $ 0.40 Depreciation $ 8,300 Rent $ 2,000 Administrative expenses $ 1,400 $ 0.01 For example, electricity costs are $1,200 per month plus $0.07 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.20 per car washed. The actual operating results for August are as follows: Lavage rapide Incone Statement Tor the Month Ended August 31 Actual cars washed 8.200 Hovenie $52.320 Expenses: Cleaning supplies 3,740 Electricity 1,737 Maintenance 2,670 Wages and salaries 8,500 Depreciation 8,300 Rent 2,200 Administrative expenses 1.381 Total expense 28.520 Met operating incon $ 23,792 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 (l.e., zero variance). Input all amounts as positive values. Do not round Intermediate calculations.) 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. Do not round Intermediate calculations.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income