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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal The follos provides data concerning the company's
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal The follos provides data concerning the company's costs: Fixed Cost per Month cost per $1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed Sa.se se.az Sa.se Sa.se $4, 4ae $8,18e $2,182 $1,500 Sa.2 For example, electricity costs are $1.200 per month plus $0.07 per car washed. The company expects to wash 8.400 cars in Aug and to collect an average of $6.10 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 8. see $ 53,300 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 7, 228 1,758 2,760 7,280 8, 189 2,300 1,56B 36,985 $ 22, 354 Required: Calculate the company's revenue and spending variances for August (Indicate the effect of each varlance by selecting "F" fer favorable, "U" for unfavorable, and "None" for no effect (Le.. zero varlance). Input all amounts as positive values. Do not round Intermediate calculations.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 s 53, 3401 Revenue Expenses Cleaning supplies Electricity Maintenance Viages and salanes Depreciation Rent Administrative expenses Total expense Net operating income
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