Please help me answer this question Lavage Rapide is a Canadian company that own

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Please help me answer this question

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company's costs: For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expected to wash 9.000 cars in August and to collect an average of $4.90 per car washed. The actual operating results for August appear below. Required: Compute 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.)

Explanation / Answer

LAVAGE RAPIDE Standard cost for actual Production Actual Variance Car washed $    8,800.00 $    8,800.00 Revenue $ 43,120.00 $ 43,080.00 $       (40.00) (U) Cleaning Supplies $    7,040.00 $    7,560.00 $    (520.00) (U) Electricity $    2,520.00 $    2,670.00 $    (150.00) (U) Maintenance $    1,760.00 $    2,260.00 $    (500.00) (U) Wages & Salaries $    7,640.00 $    8,500.00 $    (860.00) (U) Depreciation $    6,000.00 $    6,000.00 $                -   Rent $    8,000.00 $    8,000.00 $                -   Administerative Expenses $    4,880.00 $    4,950.00 $       (70.00) (U) Total Expenses $ 37,840.00 $ 39,940.00 $ (2,100.00) (U) Net Operating Income $    5,280.00 $    3,140.00 $ (4,240.00) (U)

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