Question: For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8,000 August and to collect an
For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8,000 August and to collect an average of $6.60 per car washed. The actual operating results for August are as follows: 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 $1,400 per month plus $0.09 per car washed. The company expects to wash 8,000 tars in August and to collect an average of $6.60 per car washed. The actual operating results for August are as follows: Calculate the company's revenue and spending variances for August. (Indi favorable, "U" for unfavorable, and "None" for no effect (i.e., zero varian
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