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Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries. Depreciation Rent For example, electricity costs should be $1,300 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.60 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Administrative expenses Total expenses Net operating income. Cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month Total expenses Net operating income $ 1,300 $ 4,100 $ 8,100 $ 1,800 $ 1,800 Required: 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. $ Actual Results Cost per Car Washed 8,200 $ 55,560 4,550 1,756 1,050 6,890 8,100 2,000 1,862 26,208 $ 29,352 8,200 $ 55,560 $ 0.50 $ 0.06 $ 0.10 $0.30 $ 0.02 Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 4,550 1,756 1,050 6,890 8,100 2,000 1,862 26,208 29,352 Revenue and Flexible Spending Variances Budget 8,200 Activity Variances Planning Budget 8,100

Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries. Depreciation Rent For example, electricity costs should be $1,300 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.60 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Administrative expenses Total expenses Net operating income. Cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month Total expenses Net operating income $ 1,300 $ 4,100 $ 8,100 $ 1,800 $ 1,800 Required: 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. $ Actual Results Cost per Car Washed 8,200 $ 55,560 4,550 1,756 1,050 6,890 8,100 2,000 1,862 26,208 $ 29,352 8,200 $ 55,560 $ 0.50 $ 0.06 $ 0.10 $0.30 $ 0.02 Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 4,550 1,756 1,050 6,890 8,100 2,000 1,862 26,208 29,352 Revenue and Flexible Spending Variances Budget 8,200 Activity Variances Planning Budget 8,100

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
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 5CE: Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each...
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Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent For example, electricity costs should be $1,300 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.60 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Administrative expenses Total expenses Net operating income Cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Fixed Cost per Month Administrative expenses Total expenses Net operating income $ 1,300 $ 4,100 $ 8,100 $ 1,800 $ 1,800 $ Required: 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. Cost per Car Washed $ 0.50 $ 0.06 $ 0.10 $ 0.30 8,200 $ 55,560 Actual Results 8,100 2,000 1,862 26,208 $ 29,352 8,200 $ 55,560 4,550 1,756 1,050 6,890 $ 0.02 Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 4,550 1,756 1,050 6,890 8,100 2,000 1,862 26,208 29,352 Revenue and Spending Variances Flexible Budget 8,200 Activity Variances Planning Budget 8,100 < Prev 5 of 6 Next >
Transcribed Image Text:Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent For example, electricity costs should be $1,300 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.60 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Administrative expenses Total expenses Net operating income Cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Fixed Cost per Month Administrative expenses Total expenses Net operating income $ 1,300 $ 4,100 $ 8,100 $ 1,800 $ 1,800 $ Required: 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. Cost per Car Washed $ 0.50 $ 0.06 $ 0.10 $ 0.30 8,200 $ 55,560 Actual Results 8,100 2,000 1,862 26,208 $ 29,352 8,200 $ 55,560 4,550 1,756 1,050 6,890 $ 0.02 Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 4,550 1,756 1,050 6,890 8,100 2,000 1,862 26,208 29,352 Revenue and Spending Variances Flexible Budget 8,200 Activity Variances Planning Budget 8,100 < Prev 5 of 6 Next >
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