Refer to the data for Lavage Rapide in Exercise 8–8. The actual operating results for August appearbelow.Lavage RapideIncome StatementFor the Month Ended August 31Actual cars washed .......................... 8,800Revenue ............................................ $43,080Expenses:Cleaning supplies ........................... 7,560Electricity ....................................... 2,670Maintenance .................................. 2,260Wages and salaries ...................... 8,500Depreciation ................................... 6,000Rent .............................................. 8,000Administrative expenses ................ 4,950Total expense .................................... 39,940Net operating income ........................ $ 3,140Required:Prepare a report showing the company’s activity variances for August
Refer to the data for Lavage Rapide in Exercise 8–8. The actual operating results for August appear
below.
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 expenses ................ 4,950
Total expense .................................... 39,940
Net operating income ........................ $ 3,140
Required:
Prepare a report showing the company’s activity variances for August
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