Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 9-11 (Algo) Activity Variances (L09-2] $ 0.60 $ 0,10 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash

image text in transcribed
Exercise 9-11 (Algo) Activity Variances (L09-2] $ 0.60 $ 0,10 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 Fixed Cost Cost per per Month Car Washed Cleaning supplies Electricity 5 1.300 5.0.09 Maintenance Wages and salaries $ 4,500 $ 0.20 Depreciation $ 8,000 Rent $ 2,100 Administrative expenses $ 1,600 $ 0.01 For example, electricity costs should be $1,300 per month plus $0.09 per car washed The company expects to wash 8,100 cars in August and to collect an average of $6.50 per car washed. The company actually washed 8,200 cars in August Required: Calculate the company's activity variances for August. (Indicate the effect of each varionce by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts os positive values.) Lavage Rapide Activity Variances For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salarios Depreciation Rent Administrative expenses Total expense Not operating income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Communication Audit In Globally Integrated R And D Project Teams

Authors: Justyna Alnajjar

1st Edition

3631666608, 978-3631666609

More Books

Students also viewed these Accounting questions

Question

Employ effective vocal cues Employ effective visual cues

Answered: 1 week ago