Question

Check my work Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: 15 Fixed Cost per Month points $1,100 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.60 $9.95 $0.25 $0.30 eBook $4,700 $8,300 $2,100 $1,500 $0.84 Print For example, electricity costs are $1,100 per month plus $0.05 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,100 $ 53,300 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 5,300 1,470 2,248 7,460 8,300 2,300 1,720 28,790 $ 24,510

Answer 1

Lavage Rapide Flexible budget performance report For the month ended August 31 Revenue and spending variances Flexible budget 8100 Activity Variances Planning Budget Actual Results $ 8,100.00 Cars Washed 8000 $ 53,300.00 1,460.00 F 51840 640 F 51200 Revenues Expenses : Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expense Total expenses Net operating income 440.00 U 35.00 F 215.00 U 330.00 U 600 5U 250 30 U $ 5,300.00 $ 1,470.00 $ 2,240.00 $ 7,460.00 $ $ 8,300.00 $ $ 2,300.00 $ $ 1,720.00 $ $ 28,790.00 $ $ 24,510.00 $ 4860 1505 2025 7130 8300 2100 1824 27744 24096 4800 1500 2000 7100 8300 2100 200.00 U 104.00 F 1,046.00 U 414.00 u 이 40 124 U 516 F 1820 27620 23580 For revenues, If actual fig For revenues, if flexible fig > Planning Fig F Flexible fig U For expense If Actual fig < flexible Fig F Vice versa For expense if flexible fig> Planning Fig U Vice versa