Lavage Rapide is a Canadian company that owns an
d 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 | ||||||
Cleaning supplies | $ | 0.80 | |||||
Electricity | $ | 1,100 | $ | 0.09 | |||
Maintenance | $ | 0.15 | |||||
Wages and salaries | $ | 4,900 | $ | 0.20 | |||
Depreciation | $ | 8,300 | |||||
Rent | $ | 1,900 | |||||
Administrative expenses | $ | 1,500 | $ | 0.02 | |||
For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 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 | 8,300 | |
Revenue | $ | 51,300 |
Expenses: | ||
Cleaning supplies | 7,060 | |
Electricity | 1,808 | |
Maintenance | 1,470 | |
Wages and salaries | 6,900 | |
Depreciation | 8,300 | |
Rent | 2,100 | |
Administrative expenses | 1,564 | |
Total expense | 29,202 | |
Net operating income | $ | 22,098 |
Required:
Calculate the company's revenue and spending 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. 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 | |
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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 Cleaning supplies $ 0.80
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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 $0.40 $0.09 $0.10 $0.40 $4,000 $8,100 $2.100 $1.800 $0.04 For example, electricity costs are $1,500 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to...
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 Cleaning supplies $ 0.60 Electricity $ 1,300 $ 0.09 Maintenance $ 0.10 Wages and salaries $ 4,200 $ 0.20 Depreciation $ 8,100 Rent $ 1,800 Administrative expenses $ 1,600 $ 0.05 For example, electricity costs are $1,300 per month plus $0.09 per car washed. The...
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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 Car Washed per Month Cleaning supplies Electricity $0.70 $0.07 $0.10 $0.20 $1,300 Maintenance $5,000 $8,300 $1,900 $1,300 Wages and salaries Depreciation Rent Administrative expenses $0.01 For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company expects to wash 8,100 cars in August and to...
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 Cleaning supplies $ 0.80 Electricity $ 1,100 $ 0.09 Maintenance $ 0.15 Wages and salaries $ 4,100 $ 0.20 Depreciation $ 8,300 Rent $ 2,100 Administrative expenses $ 1,700 $ 0.05 For example, electricity costs are $1,100 per month plus $0.09 per car washed. The...
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 $ 1,400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.50 $ 0.09 $ 0.20 $ 0.40 $ 4,900 $ 8,300 $ 1,900 $ 1,500 $ 0.05 For example, electricity costs are $1,400 per month plus $0.09 per car washed. The...
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 $ 0.09 $ 0.15 $ 0.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 1,500 $ 4,600 $ 8,200 $ 1,800 $ 1,500 $ 0.02 For example, electricity costs are $1,500 per month plus $0.09 per car washed. The...
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 $ 1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.40 $ 0.09 $ 0.20 $ 0.30 $ 4,300 $ 8,100 $1,900 $1,300 $ 0.05 For example, electricity costs are $1,200 per month plus $0.09 per car washed. The company expects...
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: cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost Cost per per Month Car Washed $0.50 $1,200 $0.09 $0.25 $5,000 $0.20 $8,400 $1,900 $1,800 $0.03 For example, electricity costs are $1.200 per month plus $0.09 per car washed. The company expects to wash 8,000 cars in August and to...