Cleaning supplies Electricity Maintenance Wages and salaries. Depreciation Rent Administrative expenses For Actual cars washed Revenue Expenses: For example, electricity costs should be $1,200 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.10 per car washed. The actual operating results for August are as follows: Cleaning supplies Electricity Maintenance Lavage Rapide Income Statement the Month Ended August 31 Wages and salaries Depreciation Rent Fixed Cost per Month $ 1,200 $4,000 $ 8,100 $ 2,000 $ 1,700 Administrative expenses Total expenses Net operating income Cost per Car Washed $ 0.70 $ 0.08 $ 0.10 $ 0.30 8,500 $53,340 6,380 1,842 1,080 6,880 $ 0.04 8,100 2,200 1,936 28,418 $ 24,922 Required: Calculate the company's revenue and spending variances for August. Check my wo

Cleaning supplies Electricity Maintenance Wages and salaries. Depreciation Rent Administrative expenses For Actual cars washed Revenue Expenses: For example, electricity costs should be $1,200 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.10 per car washed. The actual operating results for August are as follows: Cleaning supplies Electricity Maintenance Lavage Rapide Income Statement the Month Ended August 31 Wages and salaries Depreciation Rent Fixed Cost per Month $ 1,200 $4,000 $ 8,100 $ 2,000 $ 1,700 Administrative expenses Total expenses Net operating income Cost per Car Washed $ 0.70 $ 0.08 $ 0.10 $ 0.30 8,500 $53,340 6,380 1,842 1,080 6,880 $ 0.04 8,100 2,200 1,936 28,418 $ 24,922 Required: Calculate the company's revenue and spending variances for August. Check my wo

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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