Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The follow

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Lavage Rapide Is A Canadian Company That Owns And Operates A Large Automatic Car Wash Facility Near Montreal The Follow 1 (76.42 KiB) Viewed 44 times

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: cleaning supplies Electricity Maintenance Wages and salaries. Depreciation Administrative expenses Rent Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance For example, electricity costs should be $1,100 per month plus $0.10 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.80 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Wages and salaries Depreciation Rent Pixed Cost per Month $ 1,100 Administrative expenses Total expense Net operating income $ 4,800 $ 8, 200 $ 2,200 $1,400 Cost per Car Washed $ 0.80 $ 0.10 $ 0.25 $ 0.40 8,300 $ 57,860 $ 0.03 7,060 1,890 2,290 8,440 8,200 2,400 1,546 31,826 $ 26,034 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.) Return to question