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need help. please add work/steps. thank you! Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal.
need help. please add work/steps. thank you!
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 costs Fixed Cost per Month $1,500 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed 50.50 $0.09 50.20 $0.30 $4,900 $8,300 $2,000 $1,600 $0.02 For example, electricity costs are $1,500 per month plus $0.09 per car washed The company expects to wash 8,100 cars in August and to collect an average of $6.40 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 8,200 3.53,940 Revenue Expenses Cleaning supplies Electricity Maintenance Wares and salaries Depreciation Rent Administrative expenses Total expense Net operating income 4,550 2,199 1. Hoe 7.690 3,100 2,200 1,662 28,461 $ 25,429 PH Rent Administrative expenses Total expense Net operating income 2,288 1,662 28,461 $ 25,479 Required: Calculate the company's revenue and spending variances for August (Indicate the effect of each verlence by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e, zero variance), Input all amounts as positive values. Do not round Intermediate calculations.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income Step by Step Solution
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