Uistance L ES Blackboard Leam Learn ?! Mail Abdullah Alim sing Lavage Rapide is

Question

Uistance L ES Blackboard Leam Learn ?! Mail Abdullah Alim sing Lavage Rapide is a Canadian 2527092942385828d owns and operates a large automatic car wash faclity near Montreal The bolowing table ie Clean pravides dats campany's cn Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,200 s 0 09 5 0.15 $ 0.30 $4,700 $8,400 $2,000 s 0 02 For example, electricity costs are $1,200 per month pkus S0 09 per car washed The company expects to The actual operating results for August appear below c wash 8,400 cars in Augunt and to colect an average of 56 e Income Statement For the Month Ended August 31 Actual cars washed Revenue Expenses 8 500 59.220 6,380 1.500 2,.200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 29.766 Required: Calculate the company's revenue and spending variances for Augat (indicate the eflect of each varme by "lecing"Fhhitabk ??-m?.id Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Cleaning supples Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income

Explanation / Answer

Revenue and spending variance Revenue    [59220-(6.8*8500)] 1420 F Expense cleaning supplies [6380-(.7*8500)] 430 U elecricity [1926-{1200+(.09*8500)}] = [1926- {1200+765}] 39 F maintenance [1500-(8500*.15}] 225 U wages and salaries [7580-{4700+(.3*8500)} 330 U depreciation [8400-8400] 0 NA rent [2200-2000] 200 U administration expense [1468-{1400+(8500*.02)} 102 F Total expense 1044 U net operating expense 376 F

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