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Screen Shot 2020-08-02 at 2.37.52 PM Exercise 9-9 Prepare a Report Showing Revenue and Spending Variances (LO9-2] Search 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 per Month Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 $1,100 Cost per Car Washed $0.50 $0.06 $0.15 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent administrative expenses Revenue $5,000 $8,400 $1,900 $1,600 $0.04 For example, electricity costs are $1,100 per month plus $0.06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.70 per car washed. Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent The actual operating results for August are as follows: The actual operating results for August are as follows: Lavage Rapida Income Statement Zor the Month Ended August 31 Actual cars washed Administrative expenses Total expense Net operating income $57,710 Revenue Rxpenses Cleaning supplies Electricity Maintenance Wages and salarion Depreciation Rent Administrative expenses Total expense Net operating income 1,568 1,485 7,850 2,100 1,832 23,885 $ 29,825 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 (.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)