Please do not give solution in image format thanku 7-1MaintenanceWages and salariesDepreciationRentAdministrative expensesTotal expenseNet operating incomeRevenueExpenses:Required:Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" forfavorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not roundintermediate calculations.)Cleaning suppliesElectricityMaintenanceWages and salariesDepreciationRent2,6405,9608,400Lavage RapideRevenue and Spending VariancesFor the Month Ended August 31Administrative expenses2,3001,80028,330$ 28,970Total expenseNet operating income Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tableprovides data concerning the company's costs:Cleaning suppliesElectricityMaintenanceWages and nalaries:DepreciationAdministrative expensesRentActual cars washedRevenueExpenses:Cleaning suppliesElectricityMaintenance$ 0.05For example, electricity costs are $1,400 per month plus $0.07 per car washed. The company expects to wash 8,000 cars in Augustand to collect an average of $6.90 per car washed.The actual operating results for August are as follows:Lavage RapideIncome StatementFor the Month Ended August 31Wages and salariesDepreciationRentFixed Costper Month$1,400$ 4,000$ 8,400$ 2,100$1,500Administrative expensesTotal expenseNet operating income8,100$57,300Cost perCar Washed$ 0.60$ 0.075,3001,9302,6405,9608,4002,3001,80028,330$ 28,970$ 0.30$ 0.20Required:Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" forfavorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round

Data given:Fixed Cost Per MonthCost per Car WashedCleaning supplies $…

Maintenance Wages and salaries Depreciation Rent 771 Administrative expenses Total expense Net operating income Revenue Expenses: Required: Calculate the company's revenue and spending 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. Do not round intermediate calculations.) -Eww 2,640 5,960 8,400 2,300 1,800 28,330 $ 28,970 Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income

Maintenance Wages and salaries Depreciation Rent 771 Administrative expenses Total expense Net operating income Revenue Expenses: Required: Calculate the company's revenue and spending 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. Do not round intermediate calculations.) -Eww 2,640 5,960 8,400 2,300 1,800 28,330 $ 28,970 Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EA: Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on...

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Dog 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 MonthCost per Car WashedCleaning supplies $ 0.80Electricity$ 1,200$ 0.15Maintenance $ 0.20Wages and salaries$ 5,000$ 0.30Depreciation$ 6,000 Rent$ 8,000 Administrative expenses$ 4,000$ 0.10For 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 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.)
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