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6 Lavage Rapide is a Canadian company that owns and operates a large automat car wash facility near Montreal. The following table provides data concerning
6 Lavage Rapide is a Canadian company that owns and operates a large automat car wash facility near Montreal. The following table provides data concerning the company's costs Cuplies 30.60 30.15 Deprecat 18.400 SI. 800 30.04 For example, electricity costs are $1.400 per month plus $0.07 per car washed. The company expects to wash 8.100 cars in August and to collect an average of 56.70 per car washed The actual operating results for August are as follows: Tarono savant 8.200 L. IT 7.390 8.400 Miniveesp 2.024 25 $ 27,904 Required: Calculate the company's revenue and spending variances for August indicate the effect of each variance by electing for favorable, "U" for unfavorable, and one for me affecte, ero variance), Input all amounts es positive values.) Expenses Eero Deere 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: Fixe Coat 31.400 Cleaning supplies Electricity Maintenance Wager and salaries Depreciation Rent Ministrative expenses Cost per Car Vached $0.60 30.07 $0.15 $0.30 $4.600 $8.400 31.000 $1.800 $0.04 For example, electricity costs are $1,400 per month plus $0.07 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $670 per car washed The actual operating results for August are as follows: Lavate Rapide Incone Statement For the Month Ended ugut 31 Actual cars washed 8.200 Revenue 3 56. 270 Cleaning supplies Electricity Maintenance Tiager and salaries Depreciation 5.360 1.937 1.455 7.390 8. 400 2.000 2.024 28.686 $ 27.804 sinistrative expenses Total expense Net operating income Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting " for favorable, "U" for unfavorable, and "None" for no effect fi.e., zero variance). Input all amounts as positive values.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenge Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income
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