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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.
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero
variance Input all amounts as positive values.
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