Assignment #8 - Spring 2020 A Saved 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: ixed cost par Month $ 1,300 Cost per Car Washed $ 0.60 $ 0.08 $ 0.20 $ 0.40 Cleaning Supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses points $ 4,500 $ 8,500 $ 1,900 $ 1.600 $ 0.05 eBook For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Print Lavage Rapide Income Statement For the Month Ended August 31 Puctual cars washed 8,500 $ 55,860 References Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation 5.540 1,942 1.920 9.220 2,100 1920 Administrative expenses Total expense Net operating income 30,142 25, 718 $ 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.) 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