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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: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Lavage Rapide Income Statement For example, electricity costs are $1,400 per month plus $0.10 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.20 per car washed. The actual operating results for August are as follows: Actual cars washed Revenue Expenses: For the Month Ended August 31 Cleaning supplies Electricity Maintenance Rent Wages and salaries Depreciation Fixed Cost Cost per Car per Month Washed $ 1,400 $ 4,400 $ 8,100 $ 1,900 $ 1,600 Administrative expenses Total expense Net operating income 8,300 $ 52,940 $ 0.60 $ 0.10 $ 0.25 $ 0.30 5,420 2,190 2,290 7,220 8,100 2,100 1,828 29,148 $ 23,792 $ 0.04 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.)

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: For example, electricity costs are $1,400 per month plus $0.10 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.20 per car washed. The actual operating results for August are as follows: Required: Caiculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive values. Do not round intermediate calculations.) 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, ond "None" for no effect (i.e., zero variance). Input all amounts os positive volues. Do not round intermediate colculations.)

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