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Exercise 9-11 (Algo) Activity Variances [L09-2]

Exercise 9-11 (Algo) Activity Variances (LO9-2] 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 Fixed Cost Cost per per Month Car Washed Cleaning supplies $ 0.00 Electricity $ 1,200 $ 0.88 Maintenance 5 0.10 Hages and salaries $ 4,700 $ 0.40 Depreciation $ 8,400 Rent $ 1,900 Administrative expenses $1,600 50.05 For example, electricity costs should be $1,200 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.80 per car washed. The company actually washed 8,400 cars in August Required: Calculate the company's 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., zero variance). Input all amounts as positive values.) Lavage Rapido Activity Variances For the Month Ended August 31 Revenue None Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income