Secure https/ html ?y-College Libro ? WebSMART, SMCCD P. as Login,SMC ? SMOCO St

Question

Secure https/ html ?y-College Libro ? WebSMART, SMCCD P. as Login,SMC ? SMOCO Student Por· !" 2017-2018 Academic Chapter 9 Connect Homework Assignment Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near provides data concerning the company's costs Fixed Cost per Honth 10 Cleaning supplies Electricity Maintenanc Wages and salarles Depreciation Rent Administrative expenses Cost per Car Washed $0.80 s0.15 e.20 $0.3e $1,200 $5,880 $6,000 $8,000 54,000 0.18 Print For example, electricity costs are $1.200 per month plus $015 per car washed. The company expects to wash 9,000 cars and to collect an average of $4 90 per car washed The actual operating results for August appear below n Income Statement the Month Ended August 31 8,800 43,850 Cleaning supplies Electricity 7,560 2,670 2,260 8,500 6,08e 8,000 4,950 Hages and salaries Administratlve expenses Total expense Net operating incone $ 3,140 Calculate the fevorable, "U" for unfavorable, and "None" company's revenue and spending variances for August for no effect fi.e, zero variance). Input all amounts as positive eff 31 Preys

Explanation / Answer

Actual Revenue and spending variances Flexible budget Cars washed 8800 8800 Revenue 43080 40 U 43120 Expenses: Cleaning supplies 7560 520 U 7040 Electricity 2670 150 U 2520 Maintenance 2260 500 U 1760 Wages and salaries 8500 860 U 7640 Depreciation 6000 0 None 6000 Rent 8000 0 None 8000 Administrative expenses 4950 70 U 4880 Total expenses 39940 2100 U 37840 Net operating income 3140 2140 U 5280

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