Lavage Rapide is a Canadian company that owHs dnu upe provides estimates concerning the company's costs: Fixed Cost Cost per per Month Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation $ 8.80 $ 0.15 $ 0.20 $ 0.30 $ 1,200 $ 5,000 $ 6,000 $ 8,000 $ 4,000 Rent Administrative expenses $ 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. Roguired:
Q: avage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: The quantitative measurement of how actual conduct differs from behavior that was intended is known…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Budget is of two types on the basis of flexibility:Fixed budgetFlexible budgetFixed budget is…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Variances is the amount of difference between the actual values and the values estimated by the…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Every spending variation should be compared to the assumptions that were utilized to create the…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Step 1: Step 2: Step 3: Step 4:
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: The difference between being an expense's real and expected (or intended) amount is referred to as…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Flexible cost = [ (Variable cost per unit x Actual car washed) + Fixed cost ]
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: A flexible budget is prepared based on the budgeted rate and based on different activity levels. The…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: The budget is prepared for estimating the revenue and expenditure. It is used for planning and…
Q: Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following…
A: A flexible budget is prepared based on the budgeted rate and based on different activity levels. The…
Q: Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent…
A: A flexible budget is one that can be adjusted to reflect changes in real income levels. When an…
Q: Which of the following is an example of a mixed cost? a.rental costs of $10,000 per month plus…
A: In case of mixed costs there costs compromise of both the variable and fixed cost components
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Lavage RapidePlanning BudgetFor the month Ended August 31 (8,100 Cars)ParticularsAmount Revenue $…
Q: Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following…
A: Flexible Budgets are the budgets of the costs and revenues that can be altered with the change in…
Q: Require Prepare a exible budget performance report hat shows the company's revenue and spending…
A: Variance-Variance Analysis helps an organization to understand the variations in the actual results…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Answer:- An activity variance is calculated by measuring the difference between the budget prepared…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Variances are the differences between the actual values and budgeted values. If the budgeted values…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Revenue and Spending Variance = Actual Activity - Flexible Activity Activity variance = Plannned…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: To prepare Lavage Rapide's flexible budget for August, we'll calculate the expenses based on the…
Q: $ 0.70 Electricity $ 1,400 $ 0.09 Maintenance $ 0.30 Wages and salaries $ 4,400 $…
A: A flexible budget is a budget that includes all the flexibility and change in the output. In…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Activity variance is a metric used in cost accounting to analyze the discrepancy between actual…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: A flexible budget performance report is prepared at the end of the period to compare the actual…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: A flexible budget is that budget which includes all the flexibility and change in the output. In…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Flexible budget performance report is the one which shows the variances between the flexible budget…
Q: Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following…
A: Flexible budget is that budget which changes along with change in sales activity level or volume.…
Q: Irene LLC produces and sells a single product with the following costs: Var SG&A $2 per…
A:
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Lavage Rapide - Activity Variances (August)We can calculate the activity variances for Lavage Rapide…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: The planned budget refers to a budget which is rigid in nature and since it is not flexible it is…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Solution: To Prepare the Flexible first of all we need to determine the Revenue at standard rate…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: PLANNING BUDGET Budget must be Prepared before the time for which it is Required. A Budget is the…
Q: Miracle Car Wash located in Nashville, Tennessee has been providing Interior and exterior car washes…
A: A flexible budget is prepared on the basis of the budgeted rate and on the basis of different…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Planning budget of income statement shows the projected revenues and expenses based on the estimated…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Activity Variance :— It is the difference between flexible budget and planning budget. Flexible…
Q: Given the following costs and activities for Dance Company's electrical costs, use the high-low…
A: Businesses need to understand variable costs since they directly affect the cost of producing each…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Flexible Budget: Flexible budget is the report that adjust as per the changes in the activity and…
Q: ide is a Canadian company that owns and operates a large automatic car wash facility near Montreal.…
A: A flexible budget is a useful tool that helps businesses evaluate their performance in various…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Revenue = Budgeted car washed x average price per car washed = 8000 x $6.10 = $48800
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Solution: Flexible budget is the budgeted amount computed at actual level of activity. Flexible…
Q: avage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Flexible budget performance report is the one which is prepared to determine the revenue/ spending…
Q: avage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: The flexible budget is prepared on the basis of standard cost and actual output. A flexible budget…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Activity variance is difference between planning budget and flexible budget being prepared in…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: A flexible budget is a budget that is prepared at the beginning of the period which varies with the…
Q: Lavage Rapide Is a Canadlan company that owns and operates a large automatic car wash facility near…
A: Lavage Rapide Planning Budget For the month ended August 31 Particulars Car Washed 8500…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: The variance is the difference between the standard and actual cost data. The variance can be…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Revenue variance results due to the difference that arises between the actual sales made and the…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Flexible budget is the statement prepared by the entity to estimate the costs for actual production…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Given, Number of car wash = 9,000 Total cost = Fixed cost + (variable cost per car wash*Number of…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Flexible budget presents expected cost for actual number of units. Flexible budget can be modified…
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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 $ 0.40 Electricity $ 1,000 $ 0.06 Maintenance $ 0.20 Wages and salaries $ 4,200 $ 0.30 Depreciation $ 8,300 Rent $ 2,200 Administrative expenses $ 1,500 $ 0.04 For example, electricity costs should be $1,000 per month plus $0.06 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 per car washed. Required: Prepare the company’s planning budget for August.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 $ 0.80 Electricity $ 1,500 $ 0.06 Maintenance $ 0.10 Wages and salaries $ 4,300 $ 0.40 Depreciation $ 8,400 Rent $ 1,900 Administrative expenses $ 1,800 $ 0.04 For example, electricity costs are $1,500 per month plus $0.06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.80 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 8,400 Revenue $ 58,540 Expenses: Cleaning supplies 7,140 Electricity 1,968 Maintenance 1,070 Wages and salaries 7,980 Depreciation 8,400 Rent 2,100 Administrative…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 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 For example, electricity costs should be $1,500 per month plus $0.05 per car washed. The company actually washed 8,300 cars in August 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 table provides estimates concerning the company’s costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.70 Electricity $ 1,100 $ 0.09 Maintenance $ 0.15 Wages and salaries $ 4,000 $ 0.20 Depreciation $ 8,200 Rent $ 1,900 Administrative expenses $ 1,700 $ 0.02 For example, electricity costs should be $1,100 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. Prepare the company’s planning budget for August.Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 20,900 Cost per Repair-Hour. $ 15.00 $ 7.78 $8.35 $ 1.80 Wages and salaries. Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses For example, wages and salaries should be $20,900 plus $15.00 per repair-hour. The company expected to work 2,500 repair-hours In May, but actually worked 2,400 repair-hours. The company expects its sales to be $45.00 per repair-hour. Revenue Expenses: $ 2,760 $ 5,790 $ 4,640 $ 3,850 Required: Compute the company's activity variances for May. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) Jake's Roof Repair Activity Variances For the Month Ended May 31 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating…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 For Actual cars washed Revenue For example, electricity costs should be $1,400 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.00 per car washed. The actual operating results for August are as follows: Lavage Rapide Income statement the Month Ended August 31 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income Fixed Cost Cost per per Month Car Washed $ 0.60 $ 1,400 $ 0.08 $ 0.25 $ 4,400 $ 0.30 $ 8,000 $ 2,200 $ 1,700 Cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance 8,400 $ 51,900 Required: Prepare a flexible budget…
- 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 $ 1,000 $ 0.06 Maintenance $ 0.30 Wages and salaries $ 4,900 $ 0.40 Depreciation $ 8,400 Rent $ 1,900 Administrative expenses $ 1,700 $ 0.03 For example, electricity costs are $1,000 per month plus $0.06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.80 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,400 Revenue $ 58,540 Expenses: Cleaning supplies 4,650 Electricity 1,468 Maintenance 2,730 Wages and salaries 8,580 Depreciation 8,400 Rent 2,100 Administrative…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 Cost Cost per Car Washed se.80 $0.15 $0.20 $0.30 per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Adninistrative expenses $1,200 $5,000 $6,000 $8,000 $4, 000 Book s0. 10 Print For example, electricity costs are $1,200 per month plus $015 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 company actually washed 8,800 cars in August. Required: Calculate the company's activity variances for August. (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.) erences Lavage Rapide Activity Variances For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance…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 $ 0.80 Electricity $ 1,200 $ 0.09 Maintenance $ 0.15 Wages and salaries $ 4,500 $ 0.40 Depreciation $ 8,100 Rent $ 1,800 Administrative expenses $ 1,600 $ 0.02 For example, electricity costs should be $1,200 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.10 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 8,400 Revenue $ 52,730 Expenses: Cleaning supplies 7,140 Electricity 1,917 Maintenance 1,485 Wages and salaries 8,180 Depreciation 8,100 Rent 2,000 Administrative expenses 1,666 Total expense 30,488 Net operating…
- 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 $ 1,300 $ 0.07 Maintenance $ 0.20 Wages and salaries $ 4,000 $ 0.30 Depreciation $ 8,400 Rent $ 2,200 Administrative expenses $ 1,600 $ 0.03 For example, electricity costs should be $1,300 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.70 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: 8,300 $ 57,040 4,600 1,844 1,880 6,820 8,400 2,400 1,746 27,690 $ 29,350 Calculate the company's revenue and…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 Cost per Month Car Wanhed $ 0.60 $0.09 $ 0.10 $ 0.20 Cleaning nupplies Electricity $1,400 Maintenance $ 4,300 $ 8,500 $ 1,900 $ 1,300 Wages and salaries Depreciation Rent Administrative expenses $ 0.03 For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.80 per car washed. The company actually washed 8,400 cars in August. Required: Calculate the company's activity variances for August. (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.) Luvage Rapide Activity Varlances For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity MaintenannaLavage 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 $ 0.80 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 are $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 Administrative…