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a Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal The following table provides data concerning
a 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 Fixed cost per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed 50,50 50.07 50.20 50.20 $1,100 $4,600 $8,400 $2,200 $1,300 50.02 For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company expects to wash 8.400 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 11 Actual cars washed 3,500 5.55,020 Revenue Expenses Cleaning supplies Electricity Maintenance 4,700 1,658 1.920 ana 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 washed 8,500 $ 55,020 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating Income 4.700 1,65a 1.920 6,640 8,400 2,400 1,368 27.036 $ 27,934 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 (... zero variance). Input all amounts os positive values. Do not round intermediate calculations.) Lavage Rapide Revenue and Spendina Variances 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 (ie., zero variance), Input all amounts as positive values. Do not round intermediate calculations.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Not operating income
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