PROBLEM 1 - Prepare a Report Showing Revenue and Spending Variances - MRS Enterprises owns and operates a large automatic car wash facility in Royal Oak. The following table provides data concerning the company's costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.70 Electricity $ 1,100 $ 0.08 Maintenance $ 0.30 Wages and salaries $ 4,700 $ 0.40 Depreciation $ 8,200 Rent Administrative expenses $2,000 $1,300 $ 0.05 For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August are as follows: MRS Enterprises Income Statement For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 8,400 $ 57,710 6,310 1,734 2,730 8,380 8,200 2,200 1,615 31,169 $ 26,541 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.)