Lavage Kapiae is a Canadian company that owns and operates a large automatic car wasn tacility...

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Lavage Kapiae is a Canadian company that owns and operates a large automatic car wasn tacility near Montreal. ine toliowing tapie provides data concerning the company's costs: Fixed Cost Cost per Car Washed $ 0.60 $0.08 per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation $ 1,300 $0.15 $0.30 $5,000 $ 8,200 $1,900 $1,500 Rent Administrative expenses S0.03 For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statenent Tor the Month Ended August 31 Actual cars washed Revenue Expensen cleaning supplien Electrieity Haintenance Wagen and salarien Depreciation Rent 8,400 57.710 5,480 1,934 7.850 0,200 2,100 1,645 28.698 Administrative expensen Total expense Net operating inoone Required: Required: Calculate the company's revenue and spending variances for August. (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. Do not round intermediate calculations.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income Lavage Kapiae is a Canadian company that owns and operates a large automatic car wasn tacility near Montreal. ine toliowing tapie provides data concerning the company's costs: Fixed Cost Cost per Car Washed $ 0.60 $0.08 per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation $ 1,300 $0.15 $0.30 $5,000 $ 8,200 $1,900 $1,500 Rent Administrative expenses S0.03 For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statenent Tor the Month Ended August 31 Actual cars washed Revenue Expensen cleaning supplien Electrieity Haintenance Wagen and salarien Depreciation Rent 8,400 57.710 5,480 1,934 7.850 0,200 2,100 1,645 28.698 Administrative expensen Total expense Net operating inoone Required: Required: Calculate the company's revenue and spending variances for August. (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. Do not round intermediate calculations.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income

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Problem 1 Problem 2 Lavage Rapide Lavage Rapide Planning Budget Flexible Budge... View the full answer