Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lavage rapide owns and operates a large automatic

Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following...

50.1K

Verified Solution

Question

Accounting

Lavage Rapide 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 $ 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 company actually washed 8,800 cars in August. Required: Calculate the company's activity variances 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. User Lavage Rapide Activity Variances For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity 1,200 Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expenses Net operating income

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Psychology
1.2K views

are persons with disabilities more likely to be victims of crime ？explain

Psychology
1.2K views

informative speech outline for music therapy

Electrical Engineering
1.2K views

With an Arduino Uno: Using 2 external buttons b0 and b1 to represent ‘0’ and ‘1’, design...

Geometry
1.2K views

5 O 10 What is the measure of the radius of the SMALL circle T...

Basic Math
1.2K views

What is the degree of freedom for the critical t-value of a population that has...

Calculus
1.2K views

Find the horizontal asymptote of 6x 8 4x 1 2 x 5x 2 f x...

Calculus
1.2K views

A vehicle travels a distance of miles in t 2 5t 4 10t 2 6...

Algebra
1.2K views

2z 4z 4z 5 z z 2 Determine the correct partial fraction decomposition for the...

Algebra
1.2K views

Consider the following piecewise defined function 2 x 5 5 36 X 9 Step 3...

Accounting
1.2K views

NEED HELP WITH D** PLEASE, THANK YOU Sandra is studying the working papers from...

Accounting
1.2K views

Kellogs company is considering the purchase of a parcel of land that is offered for...

Accounting
1.2K views

Question 10 5 pts Montgomery Company has developed the following flexible budget formulas for its...