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Lavage Rapide is a Canadian compary that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the
Lavage Rapide is a Canadian compary that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: For example, electricity costs are $1,300 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $670 per car washed The actual operating results for August are as follows: Required: Colculate the company's revenue and spending vartances for August (indicate the effect of eech veriance by selecting "F" for favoroble, " U " for unfovorable, ond "None" for no effect (i.e., zero vorionce). Input all omounts os positive values.) Required: Calculate the company's revenue and spending variances for August (Indicate the effect of eoch voriance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive values.)
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