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2 Exercise 9-9 (Algo) Prepare a Report Showing Revenue and Spending Variances [LO9-2] Lavage Rapide is a Canadian company that owns and operates a large
2 Exercise 9-9 (Algo) Prepare a Report Showing Revenue and Spending Variances [LO9-2] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs 02-16:42 Cleaning supplies Electricity Maintenance Bouk wages and salaries Depreciation Fixed Cost Cost per Car per Month Hashed $0.50 $1,200 $ 0.00 $0.25 $4,000 10.00 $8,400 $2,000 $1,400 Rent Adalnistrative expenses $0.04 For example, electricity costs are $1,200 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.30 per car washed The actual operating results for August are as follows Lavage Rapide Income Statement For the Month Ended August 31 Actual cars Revenue shed Expenses) cleaning supplies 8,400 $56,390 4,650 Search Check my work 1842 FNG 784 3 Problem 9-18 (Algo) Comprehensive Variance Analysis [LO9-4, LO9-5, L09-6] 5 points 02:16:27 Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below Sales (8,000 pools) Variable expenses Variable cost of goods sold Variable selling expenses Total variable expenses Contribution margin Fixed expenses Ask Port References total fixed expenses Net operating Income (loss) Manufacturing overhead Selling and administrative. Flexible Budget $240,000 Actual $240,000 34,000 112.470 10,006- 10,000 104,000 322/470 110,000 117530 55,000 55.000 20,000 20,000 325-000 325-600 Mc Graw "Contains direct materials, direct labor, and variable manufacturing overhead Janer Dunn, who has just been appointed general manager of the Westwood Plant, has been given instructions to get things under control. Upon reviewing the plant's income statement. Ms. Dunn has concluded that the major problem lies in the variable cost of goods sold. She has been provided with the following standard cost per swimming pool Standard Quantity or Hours Standard Standard Reiterate Co Prev 3 of 3 Check my worth
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