Question
cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost Cost per per Month Car Washed $ 0.60 $ 1,100 $
cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost Cost per per Month Car Washed $ 0.60 $ 1,100 $ 0.09 $ 0.30 $ 4,600 $ 0.30 $ 8,200 $ 1,900 $ 1,700 $ 0.04 For example, electricity costs should be $1,100 per month plus $0.09 per car washed. The company expects to wash 8,100 cars In August and to collect an average of $6.00 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 Revenue Expenses: Cleaning supplies Electricity Maintenance wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income Required: 8,200 $ 50,700 5,360 1,799 2,670 7,390 8,200 2,100 1,924 29,443 $ 21,257 Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for avorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) 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 Net operating income
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