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lavage rapide Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following toble provides estimates
lavage rapide
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following toble provides estimates concerning the company costs cost per Cost ber Honth Car Washed Cleaning supplies 0.70 Electricity $ 1,400 $ 0.00 Haintenance Wages and salaries 54,200 50.30 Depreciation 5,200 Rint 5 2.000 deinistrative expenses $1,300 For example, electricity costs should be 51400 per month plus $0.06 per car washed. The company expects to wash 8.500 cars in August and to collect an average of $570 per car washed The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 5,600 Revenue 5.59,050 Expenses Cleaning supplies 6,450 Electricity Maintenance 1.40 Hages and salaries 7.110 Depreciation 0.200 Rent 2,200 Adsinistrative experts 1.525 Total expense 2945 Net operating Incone Required: Prepare a lexible budget performance report that shows the company's revenue and spending variances and activity vacances for 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 (.e., zero variance). Input all amounts as positive values.) Lavage Race Fete Dulpet Performance Report For the Month End Agust 31 Actual Flexible Elnut 0.000 $ 59,050 Planning But D Cars washed |Revenue Expenses Cleaning supplies Elec Maintenance Wages and stones Depreciation Rant Admitenses Tottene Not operating income 3,450 1.000 1.040 7.110 0,200 2.200 1.025 29.405 29. AS Step by Step Solution
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