per Month $1,100 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Car Washed $0.60 $0.10 $0.25 $0.40 $4,400 $8,400 $2,100 $1,600 Rent Administrative expenses $0.04 For example, electricity costs are $1,100 per month plus $0.10 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $5.90 per car washed. The company actually washed 8,500 cars in August. Required: Calculate the company's activity 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 complete but not entirely correct. x Lavage Rapide Activity Variances For the Month Ended August 31 Revenue $ 49,560 X None Expenses: Cleaning supplies 5,040 X U Electricity 1,940 XF Maintenance 2,100 X F Wages and salaries 7,760 XF Depreciation 8,400 X U Rent 2.100 XF Administrative 1,936 8|U expenses Total expense 29,276 X F Net operating income $ 20,284 X U X x