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Exercise 9-11 (Algo) Activity 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 estimates concerning the company's costs: Fixed Cost per Month $1,200 Cleaning Supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.70 $0.09 $0.15 $0.30 $4,300 $8,280 $1,900 $1,700 $0.03 For example, electricity costs should be $1.200 per month plus $0.09 per car washed. The company expects to wash 8.200 cars in August and to collect an average of $6.90 per car washed. The company actually washed 8,300 cars in Augut 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 (le, zero variance). Input all amounts as positive values.) Lavage Rapide Activity Variances For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance For example, electricity costs should be $1,200 per month plus $0.09 per car washed. The company expects to wash 8 200 cars in August and to collect an average of $6.90 per car washed. The company actually washed 8,300 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 os positive values.) Lavage Rapide Activity 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