Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lavage rapide is a canadian company that owns...

Lavage Rapide is a Canadian company that owns...

60.1K

Verified Solution

Question

Accounting

image
image
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Pixed Cast per Month $1,300 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses cost per Car Washed 50.60 $0.05 $0.25 $0.30 $4,600 $8.200 $2,000 $1,600 $0.02 For example, electricity costs are $1,300 per month plus $0.05 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.80 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Unded August 31 0 Actual cars washed 8,200 $57,180 Revenue Expenses cleaning supplies lectricity Maintenance Mages and salaries Depreciation Hent Administrative expenses Total expense Bet operating income 5,360 1,675 2,265 7,390 8,200 2.200 1,662 28.752 $ 28,420 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for

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

Q

Match the following. Place letter answer in space provided at left. Answers may be used more...

Medical Sciences
Q

explain how a "two-valued orientation" is closely aligned with diversity, perception, and prejudice. Is there an absolute...

General Management
Q

In thick skin dermal papillae lie atop dermal ridges that cause epidermal ridges This produces...

Biology
Q

Express the volume expansivity and the isothermal compressibility as functions of density p and its...

Physics
Q

Learning Goal I can prove the following theorems about triangles The segment joining midpoints of...

Geometry
Q

Find the maximum value of the function z 4x 5y subject to the following constraints...

Basic Math
Q

How would you remove the discontinuity of f at 3 f x x 2x 3...

Calculus
Q

what would you predict for the next 3 years

Accounting
Q

need help turning this information into a t account. Equity: -...

Accounting
Q

24. The following data pertains to activity and costs for two months: June Activity level...

Accounting
Q

Which of the following terms is associated with recording a contingent liability? Possible. O Remote....

Accounting
Q

Ezzell Enterprises callable bonds currently sell for $1,165. They have a 15-year maturity, and can...

Finance