Lavage Rapide is a Canadian company that owns and operates a large automatic car wash...
80.2K
Verified Solution
Link Copied!
Question
Accounting
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 companys costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ Electricity $ $ Maintenance $ Wages and salaries $ $ Depreciation $ Rent $ Administrative expenses $ $ For example, electricity costs should be $ per month plus $ per car washed. The company expects to wash cars in August and to collect an average of $ per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August Actual cars washed Revenue $ Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income $ Required: Prepare a flexible budget performance report that shows the companys revenue and spending variances and activity variances for August.
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 companys costs:
Fixed Cost per Month Cost per Car Washed
Cleaning supplies $
Electricity $ $
Maintenance $
Wages and salaries $ $
Depreciation $
Rent $
Administrative expenses $ $
For example, electricity costs should be $ per month plus $ per car washed. The company expects to wash cars in August and to collect an average of $ per car washed.
The actual operating results for August are as follows:
Lavage Rapide
Income Statement
For the Month Ended August
Actual cars washed
Revenue $
Expenses:
Cleaning supplies
Electricity
Maintenance
Wages and salaries
Depreciation
Rent
Administrative expenses
Total expense
Net operating income $
Required:
Prepare a flexible budget performance report that shows the companys revenue and spending variances and activity variances for August.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.