Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal The following table provides date concering the companys costs Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Fixed cost per month $1,400 54,400 30,500 $2,000 51,600 Cost por Car Husted 50.70 50.08 5.15 50.20 50. For exemple, electricity costs are $1400 per month phus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of 5610 per car washed The actual operating results for August are as follows Lava Rapide In State For the Month Ended At 31 Actual cars washed 51,730 Hevenue Expenses Cleaning supplies Electricity Maintenance Nages and sales Depreciation 2,034 1,43 2,200 Ministrative penses Total het in 32 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 (.e., zero variance). Input all amounts os positive values.) Lavage Rapide Revenue and spending Variance For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and sales Depreciation Rent Administrative expenses Total expense Net operating income 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 per Month Cost per Car Mashed $0.70 50.08 $0.15 $0.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,400 $4,400 $8,500 52,000 $1,600 $0.04 For example, electricity costs are $1.400 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August 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 8,400 Revenue $ 52,730 Expenses: Cleaning supplies 6,310 Electricity 2,034 Maintenance 1,485 Mages and salaries 6,420 Depreciation 8,500 Rent 2,200 Administrative expenses 1,832 Total expense 28,781 Net operating income $ 23,949 c concom ANSE CO 1 5 1 > Type here to search O 2) Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal The following table provides date concering the companys costs Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Fixed cost per month $1,400 54,400 30,500 $2,000 51,600 Cost por Car Husted 50.70 50.08 5.15 50.20 50. For exemple, electricity costs are $1400 per month phus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of 5610 per car washed The actual operating results for August are as follows Lava Rapide In State For the Month Ended At 31 Actual cars washed 51,730 Hevenue Expenses Cleaning supplies Electricity Maintenance Nages and sales Depreciation 2,034 1,43 2,200 Ministrative penses Total het in 32 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 (.e., zero variance). Input all amounts os positive values.) Lavage Rapide Revenue and spending Variance For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and sales Depreciation Rent Administrative expenses Total expense Net operating income 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 per Month Cost per Car Mashed $0.70 50.08 $0.15 $0.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,400 $4,400 $8,500 52,000 $1,600 $0.04 For example, electricity costs are $1.400 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August 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 8,400 Revenue $ 52,730 Expenses: Cleaning supplies 6,310 Electricity 2,034 Maintenance 1,485 Mages and salaries 6,420 Depreciation 8,500 Rent 2,200 Administrative expenses 1,832 Total expense 28,781 Net operating income $ 23,949 c concom ANSE CO 1 5 1 > Type here to search O 2)
