W Yahoo 9 - Homework Baved Help Save & Exit Submit Check my work Exercise 9-12 (Algo) Revenue and Spending Variances [LO9-3) 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: 4.14 Fixed cost per month $1,200 Cleaning supplies Riectelty Maintenance May and salaries Depreciation Cost per Car Washed $0.40 50.05 00.20 00.20 Hant $4.300 50,400 02.100 $1,600 Administrative expenses 0.02 For example, electricity costs should be $1.200 per month plus $0.05 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.40 per car washed. The actuat operating results for August are as follows: Income attest Lavage lapide To the Month Ended Aug 1 Retual cars washed 8,200 55.940 Rovena expenses Cleaning supplies Blectricity Maintenance 3.740 1.575 1,060 20 a Pr Urlahttp%253A%252F%252Fccsu.blackboard.com/252Fwebapps%252Fblackb Yahoo Update -Homework Reading Help Save & Exit Submit Check my work The actual operating results for August are as follows: Lavage Rapide Innome Statement For the Month Ended August 31 Actual cars washed 8,200 $53.940 Revenge : Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 3,740 1,575 1.860 6.280 8.400 2.300 1.662 25,817 $28,123 Rent Administrative expenses Total expen Net operating income 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 (ie, zero variance). Input all amounts as positive values.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses C Proy 4 of 6 !!! Next > 20 ) Pr Yahoo Update @ Reading Lis Homework Saved Help Save & Exit Submit Check my work Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlance). Input all amounts as positive values.) 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 120 D Pr ))) IN