Question: Complete this problem in a clear and easy-to-read manner. Thank you! Check my work 3 Lavage Rapide is a Canadian company that owns and operates

Complete this problem in a clear and easy-to-read manner. Thank you!

Complete this problem in a clear and easy-to-read manner. Thank you! Check

Check my work 3 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: Fixed Cost Cost per per Month Car Washed points Cleaning supplies $0. 40 Electricity $1, 400 $0. 08 Maintenance $0 . 30 es and salaries $4, 060 $0. 30 Depreciation $8, 400 Book Rent $2, 000 Administrative expenses $1, 400 $0. 02 Print For example, electricity costs are $1,400 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.60 per car washed References The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8, 400 Revenue $ 56, 880 Expenses : Cleaning supplies 3, 820 Electricity 2, 034 Maintenance 2,730 Wages and salaries 6, 850 Depreciation 8, 400 Rent 2, 206 Administrative expenses 1, 466 Total expen 27 , 500 Net operating income $ 29, 380 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 Revenue and Spending Variances For the Month Ended August 31 Revenue F Expenses: Cleaning supplies U Electricity TF Maintenance U Wages and salaries U Depreciation None Rent U Administrative expenses Total expense U Net operating income

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