avege Rapide owns and operates a lorge eutomatic car wash facility neor Montreal. The following...
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avege Rapide owns and operates a lorge eutomatic car wash facility neor Montreal. The following table provides estimates roncerning the company's costs: for example, electricify costs should be $1,500 per month plus $0.07 per car washed. The company expects to wash 8,400 cars in August and to colloct an average of $6.70 per car washed. \begin{tabular}{|lr|} \hline \multicolumn{2}{|c|}{\begin{tabular}{c} Lavage Rapide \\ Income Statement \end{tabular}} \\ For the Month Ended August 31 \\ \hline Actual cars washed & 8,500 \\ Revenue & $58,380 \\ Expenses: & \\ Cleaning supplies & 7,220 \\ Electricity & 2,058 \\ Maintenance & 1,920 \\ Wages and salaries & 7,480 \\ Depreciation & 8,200 \\ Rent & 2,300 \\ Administrative expenses & 1,652 \\ Total expenses & 30,830 \\ Net operating income & $27,550 \\ \hline \end{tabular} Required: Calculate the company's revenue and spending variances for August. Note: Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and " variance). Input all amounts as positive values
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