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Elmina Castle - GN Email| Tech Suppo 0 Mail - dennis.ache ND My UND IUND: UrConnect 0 My FAFSA-2018- X-(5,249 unread).al ×), ? × × ? ? c https://n ion.com/flow/connect.htmlPisRegztrue&returnUr;?https%3A%2F%2Fconnect.mheducation.com%2Fpaamweb%2Findex.html%23%2Fregistration%2Fsi. ? ? Appssyllabus fine arts Ch. 9: Homework Saved Help Save & Exit Submit 5 Check my work 5 Exercise 9-14 Prepare a Flexible Budget Performance Report [LO9-4] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: points Fixed Cost per Month Cost per Car Washed $8.70 $0.08 0.10 $0.30 eBook Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Print $1,100 54,100 $8,280 $2,080 $1,800 $0.02 For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.80 per car washed. The actual operating results for August appear below age Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,600 Screenshot saved The screenshot was added to your 59,90 Expenses: Mc Graw

Explanation / Answer

Flexible Budget Performance Report For the Month Ended August 31 Actual Results A Revenue & Spending variance A-F Flexible Budget F Activity variance P-F Planning Budget P   Actual cars washed 8600 0 8600 100 F 8500   Revenue 59900 1420 F 58480 680 F 57800 (8600*6.8) (8500*6.8)   Expenses:      Cleaning supplies 6450 430 U 6020 70 U 5950 (8600*.7) (8500*.7)      Electricity 1750 38 F 1788 8 U 1780 (8600*.08)+1100 (8500*.08)+1100      Maintenance 1090 230 U 860 10 U 850 (8600*.1) (8500*.1)      Wages and salaries 7010 330 U 6680 30 U 6650 (.3*8600)+4100 (.3*8500)+4100      Depreciation 8200 0 None 8200 0 None 8200 None      Rent 2200 200 U 2000 0 2000      Administrative expenses 1870 102 F 1972 2 U 1970 (.02*8600)+1800 (.02*8500)+1800   Total expense 28570 1050 U 27520 120 U 27400   Net operating income 31330 370 F 30960 560 F 30400

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