ew Favorites Tools Help , Google a YouTube n.1suuó T 2060 CH9 HW EX 9-13 FALL 20

Question

ew Favorites Tools Help , Google a YouTube n.1suuó T 2060 CH9 HW EX 9-13 FALL 2017 add 4Jue Haw@hotmailRobert Blackboard -Banl provides data concerming the company's costs Pixed Cost Cost per Eleetrieity Rages and salaries Rent 50.50 1,500$0.09 $0.15 $0.20 4.500 . 400 1.800 Rdministrative $1, 500 so.0s $0.03 For example, electricity costs are $1,500 per month plus $0.09 per car washed. The compary expects to wash 8,400 cats in August and to colect an average of se.s0 per car washed. The actual operathg resun August appear below. Lavage Rapide For the Month Ended huguss al Actual cars vasbed , 500 Revenue Expenses 56-700 4. 700 2.226 1, s00 6,540 E, 400 2, 000 1. 820 Cleaning supplies Eleetrieity Wages and salaries Rent Adminirtrative Total expense , Ser operaing income329,514 Tor Cecuiate the company's revenue and spending vartances for August (indicate tne effect of each vartance by sesecting navorable, "U" for unfavorable, and wone" tor no emec " zero variance·input am amounts as posit ve voles.) TOSHIB

Explanation / Answer

Flexible budget for 8500 cars Revenue (8500*6.50) 55250 Expenses: Cleaning supplies (8500*0.50) 4250 Electricity 1500+(8500*0.09) 2265 Maintenance (8500*0.15) 1275 Wages and salaries 4500+(8500*0.20) 6200 Depreciation 8400 Rent 1800 Administrative expenses 1500+(8500*0.05) 1925 Total expenses 26115 Net operating income 29135 Revenue and spending variance Flexible budget Actual Variance F/U Revenue 55250 56700 1450 F Expenses: Cleaning supplies 4250 4700 450 U Electricity 2265 2226 39 F Maintenance 1275 1500 225 U Wages and salaries 6200 6540 340 U Depreciation 8400 8400 0 Rent 1800 2000 200 U Administrative expenses 1925 1820 105 F Total expenses 26115 27186 1071 U Net operating income 29135 29514 379 F

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