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This looks like two different problems because they use different sets of numbers, but they AREN'T, it is all under the same number on my
This looks like two different problems because they use different sets of numbers, but they AREN'T, it is all under the same number on my assignment so please answer both accordingly! 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 Cost per per Month $1,000 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed $ 0.50 $ 0.07 $ 0.25 $ 0.40 $ 4,700 $ 8,100 $1,900 $1,400 $ 0.02 For example, electricity costs are $1,000 per month plus $0.07 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.30 per car washed. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 0 $ $ 0 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 Cost per Car Washed $0.80 $0.06 $0.30 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,000 $4,700 $8,500 $1,900 $1,500 $0.05 For example, electricity costs are $1,000 per month plus $0.06 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.50 per car washed. The company actually washed 8,600 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 Rapide Activity Variances For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating incomeStep by Step Solution
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