Question
K ces Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Que provides data concerning the company's expected
K ces Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Que provides data concerning the company's expected costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation. Rent Administrative expenses Actual cars washed Sales Variable expenses: Cleaning supplies Electricity Maintenance Fixed Cost per Month Wages and salaries Administrative Fixed expenses: Electricity $2,050 5,300 8,900 2,700 2,410 For example, electricity costs are $2,050 per month plus $0.30 per car washed. The company expects and to collect an average of $8.00 per car washed. Auto Lavage's actual level of activity was 8,700 cars. The actual revenues and expenses for October a Auto Lavage Income Statement For the Month Ended October 31 8,700 $71,500 8,450 2,700 3,825 5,360 446 2,110 Cost per Car Washed 200 $0.90 0.30 0.50 0.60 0.04
Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The provides data concerning the company's expected costs: For example, electricity costs are $2,050 per month plus $0.30 per car washed. The company expects to wash and to collect an average of $8.00 per car washed. Auto Lavage's actual level of activity was 8,700 cars. The actual revenues and expenses for October are given For example, electricity costs are $2,050 per month plus $0.30 per car washed. The company expe and to collect an average of $8.00 per car washed. Auto Lavage's actual level of activity was 8,700 cars. The actual revenues and expenses for Octobe Required: 1. Prepare a flexible budget performance report for October. (Indicate the effect of each variance by selecting "F" for for unfavourable, and "None" for no effect (i.e., zero variance).) 2. Prepare a comprehensive performance report for October. Assume that the static budget for October was based on an activi of 8,600 cars. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no (i.e., zero variance).)
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