Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tableprovides estimates concerning the company's costs:Cleaning suppliesElectricityMaintenanceWages and salariesDepreciationAdministrative expensesRentFixedCost perMonth$1,500$ 4,800$8,200$ 2,200$ 1,600Cost perCar Washed$0.50$ 0.05$ 0.15$ 0.20$ 0.05For example, electricity costs should be $1,500 per month plus $0.05 per car washed. The company actually washed 8,300 cars inAugust and collected an average of $6.80 per car washed.Check my we Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tableprovides estimates concerning the company's costs:Cleaning suppliesElectricityMaintenanceWages and salariesDepreciationAdministrative expensesRentFixedCost perMonth$1,500$ 4,800$8,200$ 2,200$ 1,600Cost perCar Washed$0.50$ 0.05$ 0.15$ 0.20$ 0.05For example, electricity costs should be $1,500 per month plus $0.05 per car washed. The company actually washed 8,300 cars inAugust and collected an average of $6.80 per car washed.Check my we

The flexible budget is prepared on the basis of standard cost and actual output. A flexible budget…

avage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table rovides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Fixed Cost per Month $ 1,500 $ 4,800 $ 8,200 $ 2,200 $ 1,600 Cost per Car Washed $0.50 $ 0.05 $ 0.15 $0.20 $ 0.05 or example, electricity costs should be $1,500 per month plus $0.05 per car washed. The company actually washed 8,300 cars in ugust and collected an average of $6.80 per car washed.

avage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table rovides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Fixed Cost per Month $ 1,500 $ 4,800 $ 8,200 $ 2,200 $ 1,600 Cost per Car Washed $0.50 $ 0.05 $ 0.15 $0.20 $ 0.05 or example, electricity costs should be $1,500 per month plus $0.05 per car washed. The company actually washed 8,300 cars in ugust and collected an average of $6.80 per car washed.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

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 $ 0.40 Electricity $ 1,200 $ 0.07 Maintenance $ 0.15 Wages and salaries $ 4,100 $ 0.20 Depreciation $ 8,300 Rent $ 1,900 Administrative expenses $ 1,500 $ 0.02 For example, electricity costs should be $1,200 per month plus $0.07 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.90 per car washed. Required: Prepare the company’s flexible budget for August.
Please do not give answer in image formate
Hanshaben
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 $ 0.50 Electricity $ 1,400 $ 0.06 Maintenance $ 0.30 Wages and salaries $ 4,300 $ 0.20 Depreciation $ 8,000 Rent $ 2,200 Administrative expenses $ 1,400 $ 0.02 For example, electricity costs should be $1,400 per month plus $0.06 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.90 per car washed. Prepare the company’s flexible budget for August.
Please help with working
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: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost Cost per per Month Car Washed $ 0.50 $ 1,300 $ 0.07 $ 0.15 $ 4,500 $ 0.20 $ 8,200 $ 1,800 $ 1,500 $ 0.02 For example, electricity costs should be $1,300 per month plus $0.07 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.50 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 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income Required: 8,600 $ 57,350 4,750 1,865 1,515 6,560 8,200 2,000 1,570 26,460 $ 30,890 Prepare a flexible budget performance…
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 Electricity Maintenance Wages and salaries Depreciation $ 0. 70 $ 0.08 $ 0.20 $ 0.30 $ 1,400 $ 4,300 $ 8,300 $ 1,800 $ 1,500 Rent Administrative expenses $ 0.02 For example, electricity costs should be $1,400 per month plus $0.08 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.10 per car washed. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income
am. 112.
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.
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: Fixed Costper Month Cost perCar Washed Cleaning supplies $ 0.50 Electricity $ 1,300 $ 0.09 Maintenance $ 0.10 Wages and salaries $ 4,500 $ 0.30 Depreciation $ 8,300 Rent $ 2,000 Administrative expenses $ 1,700 $ 0.03 For example, electricity costs are $1,300 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.50 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,300 Revenue $ 55,400 Expenses: Cleaning supplies 4,600 Electricity 2,008 Maintenance 1,060 Wages and salaries 7,320 Depreciation 8,300 Rent 2,200 Administrative…
please answer both parts in excel with formula
Lavage Rapide is a Canadlan company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost Cost per Car Washed $ 0.40 $ 0.10 $ 0.10 $ 0. 20 per Month Cleaning supplies Electricity Maintenance $ 1,e00 $ 4,100 $ 8,100 $ 2, 200 $ 1,300 Wages and salaries Depreciation Rent Administrative expenses $ 0.04 For example, electricity costs are $1,000 per month plus $0.10 per car washed. The company expects to wash 8,500 cars In August and to collect an average of $6.30 per car washed. Requlred: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income