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urgent The actual operating results for August are as follows: Required: Calculate the company's revenue and spending variances for August. Note: Indicate the effect of
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The actual operating results for August are as follows: Required: Calculate the company's revenue and spending variances for August. Note: 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. \begin{tabular}{|l|} \hline \multicolumn{2}{|c|}{ Lavage Rapide } \\ \hline \multicolumn{1}{|c|}{ Revenue and Spending Variances } \\ \hline Revenue \\ \hline Expenses: \\ \hline Cleaning supplies \\ \hline Electricity \\ \hline Maintenance \\ \hline Wages and salaries \\ \hline Depregiation \\ \hline Rent \\ \hline Administrative expenses \\ \hline Total expenses \\ \hline Net operating income \\ \hline \end{tabular} Lavage Rapide 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 $0.07 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.90 per car washed. The actyal operating results for August are as follows Step by Step Solution
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