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plz show in excel and answers Lavage Raplde is a Canadlan company that owns and operates a large automatic car wash facility near Montreal. The
plz show in excel and answers
Lavage Raplde is a Canadlan company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Cost per Car Washed $0.48 $8.86 $e.28 $e.28 Fixed Cost per Month Cleaning supplies Electricity Wages and salaries Rent $1,108 $4,280 $8,288 $2,888 $1,488 Administrative expenses $8.82 For example, electricity costs are $1.100 per month plus $0.06 per car washed. The company expects to wash 8,200 cars In August and to collect an average of $6.40 per car washed. The actual operating results for August appear below. age Rapide Incone Statenent For the Month Ended August 31 Actual cars washed 8,388 Revenue 54,588 Expenses: 3,788 1,562 1,880 6,288 8,288 2,280 1.464 25,286 $ 29,294 Cleaning supplies Electricity Maintenance Wages and salaries Rent Adninistrative expenses Total expense Net operating income Required: Prepare a flexible budget performance report that shows the company's revenue and spending varlances and actiMity varlances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (L.e., zero varlance). Input all amounts as positive values.) Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Cars washed 8,300 5 54,580 Cleaning supplies 3.780 1,582 1880 Wages and salaries Rent Total expense Net operating income 1,484 25.286 5 29,294Step by Step Solution
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