Business, 31.12.2020 19:10 Miznatnasah
Last month, the budgeted level of activity was 1,090 cars washed and the actual level of activity was 1,080 cars washed. The cost formula for the washing expenses is $3.30 per car washed plus $18,500 per month.
Fixed cost per month Cost per car washed
Cleaning supplies $0.70
Electricity $1,300 $0.08
Maintenance $0.15
wages and salaries $4,900 $0.20
Depreciation $8,400
Rent $1,900
Administrative expenses $1,600 $0.05
For example. electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,000 cars in August and to collect an average Of $6.60 per car washed.
The actual operating results for August appear below.
Lavage Rapide Income Statement For the Month Ended August 31
Actual car washed 8100
Revenue 54,900
Expenses:
Cleaning supplies 6,100
Electricity 1910
Maintenance 1,440
Wages and salaries 6860
Depreciation 8,400
Rent 2100
Administrative expenses 1,900
Total expense 28170
Net operating income 26,190
Required:
Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August.
Answers: 1
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Last month, the budgeted level of activity was 1,090 cars washed and the actual level of activity wa...
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