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 Month Cost per Car Washed Cleaning supplies       $ 0.80   Electricity $ 1,200   $ 0.15   Maintenance       $ 0.20   Wages and salaries $ 5,000   $ 0.30   Depreciation $ 6,000         Rent $ 8,000         Administrative expenses $ 4,000   $ 0.10       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 actual operating results for August are as follows:   Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed   8,800       Revenue $ 43,080 Expenses:   Cleaning supplies   7,560 Electricity   2,670 Maintenance   2,260 Wages and salaries   8,500 Depreciation   6,000 Rent   8,000 Administrative expenses   4,950 Total expense   39,940 Net operating income $ 3,140     Required: Prepare a flexible budget performance report that shows the company’s revenue and spending variances and

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 Month Cost per Car Washed Cleaning supplies   $ 0.70 Electricity $ 1,100 $ 0.09 Maintenance   $ 0.15 Wages and salaries $ 4,000 $ 0.20 Depreciation $ 8,200   Rent $ 1,900   Administrative expenses $ 1,700 $ 0.02   For example, electricity costs should be $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 $6.50 per car washed. Prepare the company’s planning budget for August.

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ABC Co. produces washers and dryers in an assembly-line process. Labor costs incurred during a recent period were: corporate executives, $500,000; assembly-line workers, $180,000; security guards, $45,000; and plant supervisor, $110,000. The total of ABC’s direct labor cost was:   a.     $235,000   b.     $110,000   c.      $155,000   d.     $180,000

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 month                                         Cost per car washed Cleaning supplies                                                                                         $0.40 Electricity                          $1,200                                                                 $0.08 Maintaince                                                                                                    $0.25 Wages and salaries          $4,000                                                                 $0.30 Depreciation                     $8,000 Rent                                 $1,900 Administrative expenses $1,500                                                                  $0.03 For example, electricity costs should be $1,200 per month plus $0.08…

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West Co.'s manufacturing costs are as follows: Direct material and direct labor Other variable manufacturing costs $700,000 $100,000 Depreciation of factory building and manufacturing equipment $80,000 Other fixed manufacturing overhead $18,000 What amount should be considered product costs for external reporting purposes if the company uses absorption costing? A. $700,000 B. $800,000 C. $880,000 D. $898,000

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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: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.80 Electricity $ 1,200 $ 0.05 Maintenance $ 0.10 Wages and salaries $ 4,700 $ 0.40 Depreciation $ 8,400 Rent Administrative expenses $ 1,900 $ 1,400 $ 0.02 For example, electricity costs should be $1,200 per month plus $0.05 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.20 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 expense Net operating income Required: 8,500 $ 54,180 7,220 1,590 1,080 8,420 8,400 2,100 1,468 30,278 $ 23,902 Prepare a flexible budget performance…