Questions
Lavado Rapido is a Mexican company that owns and operates a large automatic car wash facility...

Lavado Rapido is a Mexican company that owns and operates a large automatic car wash facility near Mexico City. The following table provides data concerning the company’s costs:

[Fixed Cost per Month] [Cost per Car Washed]

Cleaning supplies $1.10

Electricity $1,500 $0.20

Maintenance $0.35

Wages and salaries $6,500 $0.80

Depreciation $6,000

Rent $9,500

Administrative expenses $3,500 $0.20

The company actually washed 10,000 cars in October and expected to collect an average of $5.50 per car washed. The company reported the following actual results.

Actual Results

Revenue 75,000

Cleaning Supplies 12,000

Electricity 3,000

Maintenance 4,500

Wages and salaries 16,500

Depreciation 6,000

Rent 9,500

Administrative Expenses 7,800

Required: Prepare the company’s flexible budget and variances for October.

This is all the information I was given, I wasn't given a planned wash amount.

In: Accounting

Exercise 9-12 Activity Variances [LO9-2] Lavage Rapide is a Canadian company that owns and operates a...

Exercise 9-12 Activity Variances [LO9-2]

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 $ 0.70
Electricity $ 1,000 $ 0.10
Maintenance $ 0.15
Wages and salaries $ 4,100 $ 0.20
Depreciation $ 8,100
Rent $ 1,800
Administrative expenses $ 1,500 $ 0.02

For example, electricity costs are $1,000 per month plus $0.10 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 company actually washed 8,300 cars in August.

Required:

Calculate 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.)

In: Accounting

One component phase curve with simple diagram

Demonstrate the construction of phase diagram of one component system with neat sketch.

In: Chemistry

Define galvanic cell? Explain the construction, working and uses of Daniel cell.

Define galvanic cell? Explain the construction, working and uses of Daniel cell.

In: Biology

the methods Sustainable unfired bricks manufacturing from construction and demolition wastes

the methods Sustainable unfired bricks manufacturing from construction and demolition wastes

In: Civil Engineering

What are the situations where time is called to be ‘at large’? In reference to construction...

What are the situations where time is called to be ‘at large’? In reference to construction contracts.

In: Civil Engineering

How are bolted connection made during the construction of a steel framed building?

How are bolted connection made during the construction of a steel framed building?

In: Civil Engineering

Long question Discuss the design mixture and construction techniques of bituminous stabilization.

Long question

Discuss the design mixture and construction techniques of bituminous stabilization.

In: Civil Engineering

Compare Mild Steel & High tensile steel used in the construction industry

Compare Mild Steel & High tensile steel used in the construction industry

In: Civil Engineering

Describe with a neat diagram, construction and advantages of a double bladed wind turbine

Describe with a neat diagram, construction and advantages of a double bladed wind turbine

In: Civil Engineering