Saved

Help

Save

Cleaning supplies

Electricity

Maintenance

Wages and salaries

Depreciation

Rent

Administrative expenses

For example, electricity costs should be $$1,200$ per month plus $$0\mathrm{.}05$ per car washed. The company expects to wash $8,300$ cars in August and to collect an average of $$6\mathrm{.}70$ per car washed.

The actual operating results for August are as follows:

$\backslash$table$[[\backslash$table$[[$Lavage Rapide$],[$Income Statement$],[$For the Month Ended August$]],31,],[$Actual cars washed,,$8,400],[$Revenue$,,57,710],[$Expenses:$,,],[$Cleaning supplies,,$7,140],[$Electricity$,,1,585],[$Maintenance$,,2,315],[$Wages and salaries,,$8,580],[$Depreciation$,,8,300],[$Rent$,,2,200],[$Administrative expenses,,$1,532],[$Total expense,,$31,652],[$Net operating income,,$26,058]]$

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 $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values.$)$

Prev

$1$ of $2$

Next