- Auto Lavage Is A Canadian Company That Owns And Operates A Large Automatic Carwash Facility Near Quebec The Following T 1 (27.72 KiB) Viewed 11 times
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- Auto Lavage Is A Canadian Company That Owns And Operates A Large Automatic Carwash Facility Near Quebec The Following T 6 (39.34 KiB) Viewed 11 times
Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concerning the company's expected costs: Cleaning supplies Electricity Maintenance Wages and salaries i Depreciation Administrative expenses Rent Actual cars washed Sales Variable expenses: Cleaning supplies. Electricity Maintenance Fixed Cost per Month Wages and salaries Administrative Fived evnenses $3,050 6,200 9,800 For example, electricity costs are $3,050 per month plus $0.30 per car washed. The company expects to wash 9,500 cars in October and to collect an average of $7.40 per car washed. Auto Lavage's actual level of activity was 9,600 cars. The actual revenues and expenses for October are given below: Auto Lavage Income Statement For the Month Ended October 31 3,600 3,300 9,600 $73,400 Cost per Car Washed $0.90 0.30 0.50 0.60 8,850 2,965 4,600 6,105 910 0.09
For example, electricity costs are $5 and to collect an average of $7.40 per car washed. Auto Lavage's actual level of activity was 9,600 cars. The actual revenues and expenses for October are given below; Auto Lavage Income Statement For the Month Ended October 31 Actual cars washed Sales Variable expenses: Cleaning supplies Electricity Maintenance Wages and salaries Administrative Fixed expenses: Electricity Wages and salaries Depreciation Rent Administrative Total expense Net operating income. per mon plus $0.30 per car wasted. The company expects it was over 9,600 $73,400 8,850 2,965 4,600 6,105 910 3,100 6,200 9,800 3,600 3,245 49,375 $24,025 Required: 1. Prepare a flexible budget performance report for October. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) AUTO LAVAGE INC. Flexible Budget Performance Report For the Month Ended October 31. Plaukle Pabla Pidat
Net operating income. Required: 1. Prepare a flexible budget performance report for October. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Variable Expenses: Total variable expenses 324, 023 Fixed expenses AUTO LAVAGE INC. Flexible Budget Performance Report For the Month Ended October 31 Cost Formula (per car) Actual Flexible Budget Flexible Budget Variance
Total variable expenses Fixed expenses: Total fixed expenses 2. Prepare a comprehensive performance report for October. Assume that the static budget for October was based on an activity level of 9,500 cars. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) AUTO LAVAGE INC.
Book erences 2. Prepare a comprehensive performance report for October. Assume that the static budget for October was based on an activity level of 9,500 cars. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Number of cars Variable Expenses Total variable expenses Fixed expenses AUTO LAVAGE INC. Comprehensive Performance Report For the Month Ended October 31 Actual 9,600 Flexible Budget Variance Flexible Budget 9,600 Sales Volume Variance Static Budget 9.500
Variable Expenses: Total variable expenses Fixed expenses Total fixed expenses