This is the second time posting the same question. please read carfully and solve in correctly! thank you. Lavage Rapide Is a Canadlan company that owns and operates a large automatic car wash facility near Montreal. The following tableprovides estimates concerning the company's costs:Fixed Cost Cost per Carper Monthkashedcleaning suppliesElectricit yMaint enance$ 0.50$ 1,190$0.09$0.25Hages and salariesDepreciation$ 4,300$ 8,400$ 1,980$ 1,580$ 0.30RentAdministrative expenses$ 0.84For example, electricity costs should be $1,100 per month plus $0.09 per car washed. The company expects towash 8,400 cars InAugust andto collect an average of $5.90 per car washed.The actual operating results for August are as follows:Lavage RapideIncome statementFor the Month Ended August 31Actual cars washed8,599Revenue$ 51,669Expenses:cleaning suppliesElectricit y4, 7801,826MBintenance2,340kages and salaries7,69Depreciation8,400Rent2,100Administrative expenses1,73628,782Total expenséNet operating income$ 22,878Recqulred:Calculate the company's revenue and spending varlances for August. (Indkate the effect of each varlance by selecting "F" tortavorable, "U" tor untavorable, and "None" for no ettect |(L.e., zero varlance). Input all amounts es positive values.)Lavage RapideRevenue and Spending VariancesFor the Month Ended August 31RevenueExpenses:Cleaning suppliesElectricityMaintenanceWages and salariesDepreciationRentAdministrative expensesTotal expenseNet operating income

Net income- The balance left over after subtracting the cost of products sold and expenses from a…

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost Cost per Car per Ponth Hashed cleaning supplies Electricity "aint enance $0.50 $ 0.00 $ 8.25 $ 0.30 $ 1,180 Hages and salaries Depreciat ion $ 4,3e $ 8,400 $ 1,900 $ 1,50 Rent Administrative expenses $ 8.84 For example, electricity costs should be $1,100 per month plus $0.09 per car washed. The company expects to wash 8,400 cars In August andto collect an averane of $5 90 carwached

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost Cost per Car per Ponth Hashed cleaning supplies Electricity "aint enance $0.50 $ 0.00 $ 8.25 $ 0.30 $ 1,180 Hages and salaries Depreciat ion $ 4,3e $ 8,400 $ 1,900 $ 1,50 Rent Administrative expenses $ 8.84 For example, electricity costs should be $1,100 per month plus $0.09 per car washed. The company expects to wash 8,400 cars In August andto collect an averane of $5 90 carwached

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1PB: Classify costs Cromwell Furniture Company manufactures sofas for distribution to several major...

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