Question: Lavage Rapide owns and operates a large automatic car wash near Montreal. The following table provides data concerning the companys costs: Fixed Cost per Month
Lavage Rapide owns and operates a large automatic car wash near Montreal. The following table provides data 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 are $ 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: Calculate the company's revenue and spending variances for August. Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values. Do not round intermediate calculations.
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