This was my soultion but all the numbers are incorrect, please help. :( Lavage R

Question

This was my soultion but all the numbers are incorrect, please help. :(

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 Cost per Car Washed S 0.70 S 0.09 S 0.25 S 0.30 Fixed Cost per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses S 1,300 S 4,000 S 8,400 S 1,800 S 1,800 S 0.03 For example, electricity costs are $1,300 per month plus S0.09 per car washed. The company actually washed 8,400 cars in August. The company expected to collect an average of S6.00 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 8,400 S 50,370 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 6,450 2,176 2,680 7,360 8,400 1,800 2,117 Administrative expenses Total expense 30,983 Net operating income S 19,387 Required: Prepare a report showing the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) avage Rapide Revenue and Spending Variances For the Month Ended August 31 Revenue 50,400EU Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 5,880 U 2,056 U 2,100 U 6,520 U 8,400 None 1,800 None 1,800 U lotal expense 28,526 L Net operating income 21,592 U

Explanation / Answer

Calculate revenue and spending variance ;

Actual results Flexible budget revenue and spending variance Car washed 8400 8400 Revenue 50370 50400 30 U Expenses Cleaning supplies 6450 5880 570 U Electricity 2176 2056 120 U maintenance 2680 2100 580 U wages and salaries 7360 6520 840 U depreciation 8400 8400 None Rent 1800 1800 None Administrative exp 2117 2052 65 U Total expenses 30983 28808 2175 U Net operating income 19387 21592 2205 U

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