Prepare a Report Showing Revenue and Spending Variances

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.60
Electricity	$ 1,500	$ 0.07
Maintenance		$ 0.15
Wages and salaries	$ 4,800	$ 0.30
Depreciation	$ 8,200
Rent	$ 2,000
Administrative expenses	$ 1,400	$ 0.04

For example, electricity costs are $1,500 per month plus $0.07 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.30 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	8,200
Revenue	$ 53,130
Expenses:
Cleaning supplies	5,360
Electricity	2,037
Maintenance	1,455
Wages and salaries	7,590
Depreciation	8,200
Rent	2,200
Administrative expenses	1,624
Total expense	28,466
Net operating income	$ 24,664

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