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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 estimates concerning the
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table
provides estimates concerning the company's costs:
For example, electricity costs should be $ per month plus $ per car washed. The company expects to wash cars in
August and to collect an average of $ per car 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 for
favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values.
Pls make the List "Variances" as follows
Revenue, Expenses : cleaning supplies, Electricity, Maintenance, Wages and salaries, Depreciation, Rent Administrative expenses, TOTAL expense and Net operating income.
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