Practice Chpt 9 1 Saved Help Save & Exit Submit 3 Check my work 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: 2.5 Fixed Cost Cost per Car points per Month Washed Cleaning supplies Electricity $ 0. 60 $ 1, 100 Maintenance $ 0 . 06 eBook $ 0.15 Wages and salaries $ 4, 700 $ 0. 30 Depreciation Print $ 8,40 Rent $ 2,006 References Administrative expenses $ 1, 300 $ 0.03 For example, electricity costs are $1,100 per month plus $0.06 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.00 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8, 100 Revenue $ 50, 100 Expenses : Cleaning supplies 5, 300 Electricity 1, 550 Maintenance 1, 440 Wages and salaries 7, 460 Depreciation 8, 406 Rent 2, 200 Administrative expenses 1 , 440 Total expense 27 , 790 Mc Graw Hill L f Z O W G 12:50 AM 84 F Search I VL O ~ ENG Q) 0 5/8/2023 Partly sunnyCapstone Project: (... Practice Chot 9 i Saved Help Save & Exit Submit Check my work 3 Depreciation ant '8 Rent 2, 200 Administrative expenses 1 , 440 Total expense 27 , 790 Net operating income $ 22, 310 2.5 points 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 eBook intermediate calculations.) Print Lavage Rapide References 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 Mc Graw Hill ENG Q2 12:50 AM 5/8/2023 84 F Q Search O Partly sunny