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Exercise 9-12 Activity Variances [LO9-2] 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 per Month Cost per Car Washed. $0.40 Cleaning supplies Electricity. Maintenance $1,100 $0.08 $0.15 $4,800 $0.40 Wages and salaries. Depreciation $8,300 Rent $2,000 Administrative expenses $1,500 $0.04 For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.20 per car washed. The company actually washed 8,400 cars in August. Required: Calculate the company's activity 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.) Answer is complete but not entirely correct. Revenue Expenses: Answer is complete but not entirely correct. Lavage Rapide Activity Variances For the Month Ended August 31 $ 51,460 XF 3,320 X U 1,764X U 1,245 U 8,120 X U 8,300 None 2,000 None 1,832 X U 26,581 X F 24,879 F Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income $ X