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

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash...

90.2K

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 estimates concerning the company's costs: For example, electricity costs should be $1,200 per month plus $0.06 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August are as follows: 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 (i.e., zero variance). Input all amounts as positive values

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

The leading model for explaining muscle contraction is called the ______. The general term for the...

Medical Sciences
Q

Short Essay 7 Case Study: Baby Kelly’s Parents The case of Baby Kelly began in our...

Psychology
Q

Complete the 13-slide Erikson’s Eight Stages of Psychosocial Development presentation template. Instructions for what to include in...

Psychology
Q

Question 6 Points 1 Among the list power output which bulb would produce brighter light...

Biology
Q

You are called in to track outbreaks of a new disease called simpox in two...

Biology
Q

Q45 A plano convex lens is made of material of refrac tive index n When...

Physics
Q

Monthly attendance at financial planning seminars for the past 24 months and forecasts and errors...

Basic Math
Q

The length of the major axis of the ellipse with the equation ((x-2)^2)/16+((y+7)^2)/9=1(A) 3(B) 4(C)...

Calculus
Q

ABC Inc. is looking at investing in a 3-year project that will create cash inflows...

Accounting
Q

Paul and Libby White (both are age 66) are married and together have AGI of...

Accounting
Q

Crane, Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan...

Accounting
Q

Logano Driving School's 2017 balance sheet showed net fixed assets of $3.9 million, and the...

Accounting