please help me 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 perper Honth Car kashedCleaning suppliesElectricityMaintenance$0.50$ 1,400S0.06s0.10$ 0.30Wages and salariesDepreciation$ 4,480$8,400$2,100$1,400RentAdeinistrative expenses$0.03For example, electricity costs should be $1.400 per month plus $0.06 per car washed. The company expects to wash 8,500 cars inAugust and to collect an average of $6.00 per car washed. The company actually washed 8.600 cars in August.Required:Calculate the company's activity varlances for August. (Indicate the effect of each varionce by selecting "F" for føvorable, "U" forunfavorable, and "None" for no effect (i.e., zero varionce). Input all amounts es positive values.)Lavage RapideActivity VariancesFor the Month Ended August 31RevenueExpensesCleanina supolies For example, electricity costs should be $1,400 per month plus $0.06 per car washed. The company expects to wash 8,500 cars inAugust and to collect an average of $6.00 per car washed. The company actually washed 8,600 cars in August.Required:Calculate the company's activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" forunfavorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive values.)Lavage RapideActivity VariancesFor the Month Ended August 31RevenueExpensesCleaning suppliesElectricityMaintenanceWages and salariesDepreciationRentAdministrative expensesTotal expenseNet operating income

Lets understand the basics. For calculating activity variance, budgeted cost for decided activity is…

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates conceming the company's costs: Cleaning supplies Electricity FAMOD Cost Cost per per Honth Can Mashed S 0.se $0.06 $ 1,000 Maintenance $0.10 $0.30 Wages and salaries Depreciation Rent Adeinistrative expenses $ 4,400 $8,400 $2,100 $ 1,400 $0.03 For example, electricity costs should be $1.400 per month plus S0.06 per car washed. The company expects to wash 8.500 cars in August and to collect an average of $6.00 per car washed. The company actually washed 8.600 cars in August. Required: Calculate the company's activity variances for August. (Indicete the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero veriance). Input all amounts es positive values.)

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates conceming the company's costs: Cleaning supplies Electricity FAMOD Cost Cost per per Honth Can Mashed S 0.se $0.06 $ 1,000 Maintenance $0.10 $0.30 Wages and salaries Depreciation Rent Adeinistrative expenses $ 4,400 $8,400 $2,100 $ 1,400 $0.03 For example, electricity costs should be $1.400 per month plus S0.06 per car washed. The company expects to wash 8.500 cars in August and to collect an average of $6.00 per car washed. The company actually washed 8.600 cars in August. Required: Calculate the company's activity variances for August. (Indicete the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero veriance). Input all amounts es positive values.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EB: Roper Furniture manufactures office furniture and tracks cost data across their process. The...

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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 Costper Month Cost perCar Washed Cleaning supplies $ 0.80 Electricity $ 1,200 $ 0.15 Maintenance $ 0.20 Wages and salaries $ 5,000 $ 0.30 Depreciation $ 6,000 Rent $ 8,000 Administrative expenses $ 4,000 $ 0.10 For example, electricity costs should be $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,800 Revenue $ 43,080 Expenses: Cleaning supplies 7,560 Electricity 2,670 Maintenance 2,260 Wages and salaries 8,500 Depreciation 6,000 Rent 8,000…
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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 per Month Cost per Car Washed Cleaning supplies $ 0.70 Electricity $ 1,100 $ 0.08 Maintenance $ 0.25 Wages and salaries $ 4,200 $ 0.30 Depreciation $ 8,400 Rent $ 2,100 Administrative expenses $ 1,500 $ 0.01 For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.90 per car washed. The company actually washed 8,600 cars in August. Required: Calculate the company's activity variances for August. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.