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Exercise 9-13 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per per Month Car Washed $0.50 $1,300 $ 0.08 $ 0.25 $ 4,800 $ 0.30 $ 8,400 $2,200 $1,700 $ 0.04 For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expenses Net operating income Required: 8,200 $ 53,940 4,550 1,918 2,265 7,590 8,400 2,400 1,924 29,047 $ 24,893 Prepare a flexible budget performance report for August. Note: 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 Cars washed Revenue Flexible Budget Performance Report For the Month Ended August 31 Actual Results 8,200 $ 53,940 Expenses: Cleaning supplies 4,550 Electricity 1,918 Maintenance 2,265 Wages and salaries 7,590 Depreciation 8,400 Rent 2,400 Administrative expenses 1,924 Total expenses 29,047 Net operating income $ 24,893 Flexible Planning Budget Budget

Exercise 9-13 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per per Month Car Washed $0.50 $1,300 $ 0.08 $ 0.25 $ 4,800 $ 0.30 $ 8,400 $2,200 $1,700 $ 0.04 For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expenses Net operating income Required: 8,200 $ 53,940 4,550 1,918 2,265 7,590 8,400 2,400 1,924 29,047 $ 24,893 Prepare a flexible budget performance report for August. Note: 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 Cars washed Revenue Flexible Budget Performance Report For the Month Ended August 31 Actual Results 8,200 $ 53,940 Expenses: Cleaning supplies 4,550 Electricity 1,918 Maintenance 2,265 Wages and salaries 7,590 Depreciation 8,400 Rent 2,400 Administrative expenses 1,924 Total expenses 29,047 Net operating income $ 24,893 Flexible Planning Budget Budget

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 1CE: The expected costs for the Maintenance Department of Stazler, Inc., for the coming year include:...
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Exercise 9-13 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per per Month Car Washed $0.50 $1,300 $ 0.08 $ 0.25 $ 4,800 $ 0.30 $ 8,400 $2,200 $1,700 $ 0.04 For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expenses Net operating income Required: 8,200 $ 53,940 4,550 1,918 2,265 7,590 8,400 2,400 1,924 29,047 $ 24,893 Prepare a flexible budget performance report for August. Note: 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 Cars washed Revenue Flexible Budget Performance Report For the Month Ended August 31 Actual Results 8,200 $ 53,940 Expenses: Cleaning supplies 4,550 Electricity 1,918 Maintenance 2,265 Wages and salaries 7,590 Depreciation 8,400 Rent 2,400 Administrative expenses 1,924 Total expenses 29,047 Net operating income $ 24,893 Flexible Planning Budget Budget
Transcribed Image Text:Exercise 9-13 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per per Month Car Washed $0.50 $1,300 $ 0.08 $ 0.25 $ 4,800 $ 0.30 $ 8,400 $2,200 $1,700 $ 0.04 For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expenses Net operating income Required: 8,200 $ 53,940 4,550 1,918 2,265 7,590 8,400 2,400 1,924 29,047 $ 24,893 Prepare a flexible budget performance report for August. Note: 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 Cars washed Revenue Flexible Budget Performance Report For the Month Ended August 31 Actual Results 8,200 $ 53,940 Expenses: Cleaning supplies 4,550 Electricity 1,918 Maintenance 2,265 Wages and salaries 7,590 Depreciation 8,400 Rent 2,400 Administrative expenses 1,924 Total expenses 29,047 Net operating income $ 24,893 Flexible Planning Budget Budget
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