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how do i calculate the companys revenue and spending variances for August? Lavage Rapide is a Canadian company that owns and operates a farge automatic
how do i calculate the companys revenue and spending variances for August?
Lavage Rapide is a Canadian company that owns and operates a farge automatic car wash facility near Montreal. The following table provides data concerning the company's costs: For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.60 per cat washed The actual operating results for August are as follows: 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 (i.e., zero variance). Input all amounts as positive values.) Step by Step Solution
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