Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near...

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Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following ta

For example, electricity costs are $1,200 per month plus $0.08 per car washed. The company actually washed 7,900 cars in Augu

Required: Prepare a report showing the companys revenue and spending variances for August. (Indicate the effect of each vari

business accounting

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Answer 1

Answer #1

Answer:

Lavage Rapide Planning Budget For the Month Ended August 31

Budgeted cars washed (q).....................................................	7900

Revenue ($6.50)...................................................................	$51350
Expenses:

Cleaning supplies ($0.50q).................................................	3950
Electricity ($1,200 + $0.08q).............................................	1832
Maintenance ($0.10q)........................................................	790
Wages and salaries ($4800 + $0.20q)...............................	6380
Depreciation ($8200)........................................................	8200
Rent ($2000).....................................................................	2000
Administrative expenses ($1400 + $0.04q)......................	1716
Total expense.........................................................................	24868
Net operating income.............................................................	$ 26482

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Answer 2

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