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Exercise 9-9 Prepare a Report Showing Revenue and Spending 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 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.50 $0.07 $0.30 $0.40 $1,000 $4,600 $8,100 $1,900 $1,400 $0.02 For example, electricity costs are $1,000 per month plus $0.07 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 appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,500 Revenue $55,860 Expenses cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 4,700 1,558 2,760 8,320 8,100 2,100 1,468 29,006 $26,854 Total expense Net operating income