Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs:
tabletableFixedCost perMonthtableCost perCar WashedCleaning supplies,$$
tableMaintenanceWages and salaries,DepreciationRentAdministrative expenses,Total expenses,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.
tableLavage RapideRevenue and Spending VariancesFor the Month Ended August Revenue
