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help Lavage Rapide owns and operates a large aulomatic car wash facility near Montreal. The following table provides estinutes concerning company's costs: For example, electricity
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Lavage Rapide owns and operates a large aulomatic car wash facility near Montreal. The following table provides estinutes concerning company's costs: For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expocts to wash 8,400 cars in August and to collect an average of $6.00 per car washed. The actual operating results for August are as follows: Required: Calculate the companys revenue and spending variances for August. Note: Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i-e, aero variance). Input all amounts as positive values Step by Step Solution
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