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The actual operating results for August are as follows: Required: Calculate the company's revenue and spending variances for August (Indicate the effect of each variance

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The actual operating results for August are as follows: 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.) 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. For example, electricity costs should be $1,100 per month plus $005 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.80 per car washed The actual operating results for August are as follows: \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Lavage Rapide } \\ \hline \multicolumn{5}{|c|}{ Revenue and Spending Variances } \\ \hline \multicolumn{5}{|c|}{ For the Month Ended August 31} \\ \hline Revenue & $ & 680 & F & 2 \\ \hline \multicolumn{5}{|l|}{ Expenses: } \\ \hline Cleaning supplies & & 50 & U & ( \\ \hline Electricity & & 5 & U & \\ \hline Maintenance & & & U & 0 \\ \hline Wages and salaries & & 20 & U & \\ \hline Depreciation & & 00 & None & ( \\ \hline Rent & & 200 & U & ( \\ \hline Administrative expenses & & 3 & U & \\ \hline Total expense & & 298 & F & \\ \hline Net operating income & $ & 382 & F & ( \\ \hline \end{tabular}

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