Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 top cleaning supplies fixed cost per month 0 Prosper cars washed $0.60 electricity fixed cost per month $1,300 cost for car washed $0.07 maintenance fixed cost per month 0 cost for car wash $0.25 wages and salary fixed cost per month $4,600 cost for car wash $0.30 depreciation text cost per month $8,200 cost for cars washed 0 Grant fixed cost per month $2,000 cost per car wash 0 administrative expenses fixed cost per month $1,700 cost per car washed $0.05 for example electricity cost are $1,300 per month plus $0.07 per car wash. The company expects to wash 8200 cars in August and to collect my average of $6.40 per car wash the actual operating results for August are as follows prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variance is for August indicate the effect of each variance by selecting app for favorable you for unfavorable and none for no effect is zero variance. Input all amounts as positive value revenues $54,580 expenses cleaning supplies $5,420 electricity $1,844 maintenance $2,290 wage and salaries $7,420 depreciation $8,200 Grant $2,200 administrative expenses $2,010 total expenses $29,394 operating income $25,196.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Audit The Process Based QMS

Authors: Dennis R. Arter, Charles A. Cianfrani, Jack West

1st Edition

0873895770, 978-0873895774

More Books

Students also viewed these Accounting questions