Help Save ExitSubmit Lavage Rapide is a Canadian company th

Help Save & ExitSubmit Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The provides data concerning the company\'s costs: Fixed Cost per Month Cost Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $0.68 $1,180 $%8.07 $0.20 $0.20 nts $4,700 $8,008 $2,8e0 $1,600 Print $e.05 For example. electricty costs are $1,100 per month plus so 07 per car washed. The company expects to wash 8,400 cars in August 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 appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,500 $53, 340 Revenue Expenses: 5, 548 1,658 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 6,740 8,000 2,200 here to search

Solution

FLEXIBLE BUDGET PERFORMANCE REPORT Actual Results Revenue & Spending Variances Flexible Budget Activity Variances Planning Budget Cars washed 8500 8500 8400 Revenue 53340 1490 F 51850 610 F 51240 Expenses: Cleaning supplies 5540 440 U 5100 60 U 5040 Electricity 1658 37 F 1695 7 U 1688 Maintenance 1920 220 U 1700 20 U 1680 Wages and salaries 6740 340 U 6400 20 U 6380 Depreciation 8000 0 N 8000 0 N 8000 Remt 2200 200 U 2000 0 N 2000 Administrative expenses 1920 320 U 1600 0 N 1600 Total expenses 27978 1483 U 26495 107 U 26388 Net operating income 25362 7 F 25355 503 F 24852