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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreat, The foliowing table provides data concerning the
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreat, The foliowing table provides data concerning the company's costs: For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August appear below. Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting " F " for favorable, "U" for unfavorable, and "None" for no effect (i.e., rero variance). Input all amounts as positive values.) Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreat, The foliowing table provides data concerning the company's costs: For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August appear below. Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting " F " for favorable, "U" for unfavorable, and "None" for no effect (i.e., rero variance). Input all amounts as positive values.)
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