Homework Chapter 8 GLavage Rapide is a Canac x ? ? D ezto.mheducation.com/hm.tpx

Question

Homework Chapter 8 GLavage Rapide is a Canac x ? ? D ezto.mheducation.com/hm.tpx Fixed Cost per Month per Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Car Washed 0.70 S0.06 S 0.15 S 0.20 1,100 $4,500 $ 8,000 $2,000 1,500 S 0.04 For example, electricity costs are $1,100 per month plus $0.06 per car washed. The company actually washed 8,100 cars in August. The company expected to collect an average of $6.50 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed Revenue 8,100 52,620 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries 6,160 1,706 1,725 7,030 8,000 2,000 1,884 Rent Administrative expenses Total expense 28,505 Net operating income 24,115 Type here to search 10:33 PM a 1)A11/2018 35

Explanation / Answer

Revenue and spending variance :

Revenue 30 U expenses cleaning supplies 490 U Electricity 120 U Maintenance 510 U Wages and salaries 910 U Depreciation NONE Rent NONE Administrative expense 60 U Total expense 2090 U Net operating income 2120 U

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