- Lavage Rapide Is A Canadian Company That Owns And Operates A Large Automatic Car Wash Facility Near Montreal The Follow 1 (40.23 KiB) Viewed 8 times
- Lavage Rapide Is A Canadian Company That Owns And Operates A Large Automatic Car Wash Facility Near Montreal The Follow 2 (24.77 KiB) Viewed 8 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 Hages and salaries Depreciation Rent Administrative expenses Actual cars washed Revenue Expenses $ 0.01 For example, electricity costs should be $1,300 per month plus $0.06 per car washed. The
company expects to wash 8,300 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Fixed Cost cost per per Month Car Washed $0.80 Lavage Rapide Income
Statement For the Month foded August 31 $ 1,300 Administrative expenses Total expense Net operating income $4,400 $8,000 $2,100 $1,600 8,400 $ 55,220. 7,140 1,768 1,070 $ 0.06 $ 0.10 $ 0.20 6,420 8,000 2,300 1,583 28,281 $ 26,939
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.) Revenue Expenses Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income