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:

For example, electricity costs are $1,000 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.40 per car washed.

The actual operating results for August appear below.

Required:

Prepare a flexible budget performance report that shows the company’s revenue and spending variances and activity 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.)

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 $ 1,100 $ 0.08 Maintenance $ 0.15 Wages and salaries $ 4,300 $ 0.40 Depreciation $ 8,400 Rent $ 2,000 Administrative expenses $ 1,400 $ 0.02 For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.70 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,400 Revenue $ 57,710 Expenses: Cleaning supplies 7,140 Electricity 1,734 Maintenance 1,485 Wages and salaries 7,980 Depreciation 8,400 Rent 2,200 Administrative expenses 1,466 Total expense 30,405 Net operating income $ 27,305 Required: Complete the flexible budget performance report that shows the company’s activity variances and 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.)

Exercise 9-13 Revenue and Spending Variances [LO9-3]

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:

For example, electricity costs are $1,000 per month plus $0.09 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.10 per car washed.

The actual operating results for August are as follows:

Required:

Calculate 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.)

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:

For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company expected to wash 8,200 cars in August and to collect an average of $6.60 per car washed. The company actually washed 8,300 cars.

The actual operating results for August appear below.

Compute the company's activity 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.)

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:

For example, electricity costs are $1,000 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.90 per car washed.

The actual operating results for August appear below.

Required:

Complete the flexible budget performance report that shows the company’s activity variances and 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.) PLEASE SHOW WORK

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: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.50 Electricity $ 1,300 $ 0.05 Maintenance $ 0.10 Wages and salaries $ 4,400 $ 0.20 Depreciation $ 8,000 Rent $ 2,000 Administrative expenses $ 1,500 $ 0.05 For example, electricity costs are $1,300 per month plus $0.05 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.30 per car washed. The actual operating results for August appear below.

Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,200 Revenue $ 53,130 Expenses: Cleaning supplies 4,550 Electricity 1,675 Maintenance 1,050 Wages and salaries 6,380 Depreciation 8,000 Rent 2,200 Administrative expenses 1,805 Total expense 25,660 Net operating income $ 27,470 Required: Prepare a flexible budget performance report that shows the company’s revenue and spending variances and activity 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.)

Classify the following descriptions as either Inferential statistics or descriptive statistics. Enter I if it is inferential statistics. Enter D if it is descriptive statistics.

The average age of the students enrolled in Statistics last semester was 29.7 years old.

There is a relationship between attending class and the grade you receive in the class.

Based on a random sample, it was concluded that the average cost of a hotel room in Chicago was greater than one in Atlanta.

A survey of 100 Statistics students found that the median score for test #1 was a 78.4%.

A study has concluded that the average credit card debt of college graduates had increased from the year 2009 to 2010.

The average Amazon.com rating of the book "The Complete Idiot's Guide to Statistics" by twenty-six reviews is 4.6 on a scale of 1 to 5.

You are planning on flying out of an airport on a trip. The airport parking garage charges $6 per day for the first four days, $4 per day for the next three days and $2 per day thereafter. A parking garage just outside the airport charges $5 per day and provides a free shuttle to the airport. When is it more cost-effective to park at the airport parking garage?

Your solution MUST include responses to ALL four parts. a) Understand the problem. Restate the problem in your own words. What do you know from the reading the problem? What are you looking for? What type of problem is this? What is needed in order to solve the problem?

b) Make a plan. State your plan for solving this problem. You may use words or diagrams. You might want to consider making a table, drawing a diagram, looking for a pattern, or building an equation or model.

c) Implement your plan. Once you have articulated your plan, carry out your plan. Using the information given, create mathematical model, an equation that you can use to determine when it will be more cost-effective to park at the airport parking garage. Clearly indicate how you arrived at that answer. Show your work! (*Even if using a calculator, discuss how and why you took the steps you did, not just what buttons you pushed.)

d) Look back. Is your answer reasonable? Can you find a way to check your work? Interpret your results. Remember that you have multiple representations – words, tables, graphs, and equations. Can you find another way to look at this problem that would allow you to check that your solution is correct? Interpret the answers in the context of the original application.

using the schedule from unit 3 assignment, estimate the cost for each activity.

Unit 3 Case Assignment (Wedding) – Baseline Schedule of activities.

WBS # DESCRIPTION RESPONSIBLE Duration
1 Budget & Planning Tony 9 days
1.1 Create a Timeline Peggy Sue 2
1.2 Estimate Budget Tony 2
1.3 Evaluate Estimated Budget/Timeline & Actual Cost of Wedding Tony 5
2 Guest List Peggy Sue 33 days
2.1 Determine Guest List Tony 7
2.2 Create & Mail “Save the Date” Peggy Sue 7
2.3 Send Invitations Peggy Sue 7
2.4 Collect Responses Tony 7
2.5 Finalize Seating Chart Peggy Sue 5
3 Bridal Peggy Sue 55 days
3.1 Determine Bridal Party Peggy Sue & Tony 15
3.2 Purchase Wedding Apparel Carmella 20
3.3 Plan Bridal Party Events Carmella 15
3.4 Purchase Marriage License Tony 5
4 Honeymoon Carmella 10 days
4.1 Confirm Destination & Dates Peggy Sue 5
4.2 Book Travel & Hotel Carmella 3
4.3 Confirm Booking & Payment Details Tony 2
5 Venue & Vendors Peggy Sue 53 days
5.1 Book Venue for Ceremony, Reception & Rehearsal Dinner Peggy Sue 12
5.2 Select Vendors Tony 6
5.3 Select Officiant Mildred 5
5.4 Hire Photographer/Videographer Peggy Sue 5
5.6 Reserve Hotel Block Mildred 5
5.7 Hire Transportation Mildred 5
5.8 Finalize Catering Menu Tony 5
5.9 Finalize Ceremony, Reception & Rehearsal Dinner Set-up Mildred 10