Exercise 9-13 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per per Month Car Washed $0.50 $1,300 $ 0.08 $ 0.25 $ 4,800 $ 0.30 $ 8,400 $2,200 $1,700 $ 0.04 For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.40 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 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expenses Net operating income Required: 8,200 $ 53,940 4,550 1,918 2,265 7,590 8,400 2,400 1,924 29,047 $ 24,893 Prepare a flexible budget performance report for August. Note: 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 Cars washed Revenue Flexible Budget Performance Report For the Month Ended August 31 Actual Results 8,200 $ 53,940 Expenses: Cleaning supplies 4,550 Electricity 1,918 Maintenance 2,265 Wages and salaries 7,590 Depreciation 8,400 Rent 2,400 Administrative expenses 1,924 Total expenses 29,047 Net operating income $ 24,893 Flexible Planning Budget Budget

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TB MC Qu. 3-49 (Algo) Gardner Corporation manufactures skateboards... Gardner Corporation manufactures skateboards and is in the process of preparing next year's budget. The pro forma income statement for the current year is presented below. Sales Cost of Sales: Direct Material Direct Labor Variable Overhead Fixed Overhead Gross Profit Selling and G&A: Variable Fixed Operating Income ere to search $ 310,000 210,000 84,000 160,000 Multiple Choice $ 260,000 310,000 O $ 1,920,000 For the coming year, the management of Gardner Corporation anticipates a 10 percent increase in sales, a 12 percent increase in variable costs, and a $51,000 increase in fixed costs. 764,000 $ 1,156,000 The break-even point for next year (rounded to the nearest dollar) would be: Note: Do not round intermediate calculations. 570,000 $ 586,000 37°F Cloudy @ L ^ 1-

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A https://camdenccinstructure.com/courses/3788/assignmen * QuestionTO ces View Policies ions Current Attempt in Progress 5 Support The master budget of Waterway Industries shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: al Indirect labor $820000 Machine supplies 280000 Indirect materials 310000 Depreciation on factory building 250000 Total manufacturing overhead $1660000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of $1942000. O $1992000. O $1742000. $1660000.

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