Exercise 9-13 Revenue and Spending Variances [LO9-3) Lavage Rapide is a C provid

Question

Exercise 9-13 Revenue and Spending Variances [LO9-3) Lavage Rapide is a C provides data concerning the company's costs: anadian company that owns and operates a large automatic car wash facility near Montreal. The following table Fixed Cost Cost per per Month Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $0.5e $0.08 $0.25 $0.20 $1,100 $4,300 $8,300 $2,0e0 $1,480 $0.84 For example, electricity costs are $1,100 per month plus $0.08 per car washed. The com and to collect an average of $6.40 per car washed. pany expects to wash 8,500 cars in August

Explanation / Answer

Lavage Rapide

Revenue and Spending Variances

For the month ended August 31

$ Revenue 1,460 F Expenses: Cleaning Supplies 450 U Electricity 38 F Maintenance 215 U Wages and Salaries 340 U Depreciation None Rent 200 U Administrative Expenses 104 F Total Expenses 1,063 U Net Operating Income 397 F

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