Lavage Rapide is a Canadian company that owns and operates a large...
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Accounting
Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company's costs: For example, electricity costs are $1,400 per month plus $0.10 per car washed. The company actually washed 8,100 cars in August. The company expected to collect an average of $6.80 per car washed. The actual operating results for August appear below. below. Required: Prepare a report showing 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.)
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