Your response Correct response

Total grade: 0.0×1/20 + 1.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 0.0×1/20 + 1.0×1/20 = 0% + 5% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 5%

Feedback:
	Lavage Rapide Activity Variances For the Month Ended August 31 Planning Budget Flexible Budget Activity Variances Cars washed (q)   9,000   8,800   Revenue ($4.90q) $ 44,100 $ 43,120 $ 980 U Expenses:           Cleaning supplies ($0.80q)   7,200   7,040   160 F Electricity ($1,200 + $0.15q)   2,550   2,520   30 F Maintenance ($0.20q)   1,800   1,760   40 F Wages and salaries ($5,000 + $0.30q)   7,700   7,640   60 F Depreciation ($6,000)   6,000   6,000   0 None Rent ($8,000)   8,000   8,000   0 None Administrative expenses ($4,000 + $0.10q)   4,900   4,880   20 F Total expense   38,150   37,840   310 F Net operating income $ 5,950 $ 5,280 $ 670 U

Question 22: Score 0.8/4

Your response Correct response Exercise 10-11 Prepare a Report Showing Revenue and Spending Variances [LO3] Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company's costs:   Fixed Cost Per Month Cost per Car 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 appears 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 revenue and spending variances for August. (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.) Lavage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue and Spending Variances Revenue $   1   (0%) U (5%) Expenses:     Cleaning supplies     1   (0%)   F   (0%) Electricity     1   (0%)   None   (0%) Maintenance     1   (0%) U (5%) Wages and salaries     1   (0%)   None   (0%) Depreciation     1   (0%)   F   (0%) Rent     1   (0%) None (5%) Administrative expenses     1   (0%)   None   (0%) Total expense     1   (0%) U (5%) Net operating income $   1   (0%)   F   (0%) Exercise 10-11 Prepare a Report Showing Revenue and Spending Variances [LO3] Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company's costs:   Fixed Cost Per Month Cost per Car 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 appears 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 revenue and spending variances for August. (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)