Please do not give solution in image format thanku Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerningthe company's costs:Cleaning suppliesElectricityMaintenanceWages and salariesDepreciationAdministrative expensesRentActual cars washedRevenueExpenses:For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an averageof $6.20 per car washed.The actual operating results for August are as follows:Lavage RapideIncome StatementFor the Month Ended August 31Cleaning suppliesElectricityMaintenanceWages and salariesDepreciationRentFixed Cost Cost per Carper MonthWashed$ 1,300$ 4,900$ 8,100$2,100$ 1,600Administrative expensesTotal expenseNet operating income8,400$ 53,560$ 0.70$ 0.08$ 0.20$0.406,3101,9341,9008,5808,1002,3001,91531,039$ 22,521$ 0.05 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.)RevenueExpenses:Lavage RapideRevenue and Spending VariancesFor the Month Ended August 31Cleaning suppliesElectricityMaintenanceWages and salariesDepreciationRentAdministrative expensesTotal expenseNet operating income

The variance is the difference between the standard and actual production data. The revenue and…

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concernin the company's costs: Cleaning supplies Electricity Maintenance Rent Wages and salaries Depreciation Administrative expenses $ 0.05 For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an avera of $6.20 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Fixed Cost Cost per Car per Month Washed For the Month Ended August 31 Wages and salaries Depreciation Rent $ 1,300 $ 4,900 $ 8,100 $ 2,100 $ 1,600 Administrative expenses Total expense Net operating income 8,400 $ 53,560 6,310 1,934 1,900 $ 0.70 $ 0.08 $ 0.20 $ 0.40 8,580 8,100 2,300 1,915 31,039 $ 22,521

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concernin the company's costs: Cleaning supplies Electricity Maintenance Rent Wages and salaries Depreciation Administrative expenses $ 0.05 For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an avera of $6.20 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Fixed Cost Cost per Car per Month Washed For the Month Ended August 31 Wages and salaries Depreciation Rent $ 1,300 $ 4,900 $ 8,100 $ 2,100 $ 1,600 Administrative expenses Total expense Net operating income 8,400 $ 53,560 6,310 1,934 1,900 $ 0.70 $ 0.08 $ 0.20 $ 0.40 8,580 8,100 2,300 1,915 31,039 $ 22,521

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EA: Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on...

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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 estimates concerning the company's costs: For example, electricity costs should be $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed. The company actually washed 8,800 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.)
Dog Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company’s costs: Fixed Cost per MonthCost per Car WashedCleaning supplies $ 0.80Electricity$ 1,200$ 0.15Maintenance $ 0.20Wages and salaries$ 5,000$ 0.30Depreciation$ 6,000 Rent$ 8,000 Administrative expenses$ 4,000$ 0.10For example, electricity costs should be $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed. The company actually washed 8,800 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 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 Rent Wages and salaries Depreciation Administrative expenses For example, electricity costs are $1,400 per month plus $0.06 per car washed. The company actually washed 8,200 cars in August and collected an average of $6.60 per car washed. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses: Required: Prepare the company's flexible budget for August. Cleaning supplies Electricity Maintenance Fixed Cost per Month $ 1,400 Wages and salaries Depreciation Rent Cost per Car Washed $ 0.60 $ 0.06 $ 0.25 $ 0.20 $ 4,700 $ 8,500 $ 1,900 $ 1,300 $ 0.05 с
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