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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost Cost per per Month Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $8.48 $0.86 $0.15 $8.38 $1,38e $4,880 $8,300 $2,188 $1,300 For example, electricity costs are $1,300 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.20 per car washed. The actual operating results for August appear below. age Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,288 Revenue Expenses $52,326e Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 3,748 1,756 1,455 7,598 8,38 2, 3e8 1,443 Total expense Net operating income $25,736 Requlred: Calculate the company's revenue and spending variances for August. (Indlcate the effect of each varlance by selecting "F" for fevorable, "U" for unfavorable, and "None" for no effect (.e., zero verlance). Input all amounts as posltive values.) Rapide Ravenue and Spending Varlancee For the Month Ended 31 Revenue Cleaning supplies Electricity Wages and salaries Rent Tolal expense Net operaing income
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