ACCT 2332 I need help with the following question: value: 20.00 points Lavage Ra

Question

ACCT 2332

I need help with the following question:

value: 20.00 points 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 Cost per Car Washed $ 0.40 $ 0.07 $ 0.15 $ 0.30 Fixed Cost per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 1,100 $ 4,300 $ 8,300 $ 1,900 1,800 0.04 For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company actually washed 8,500 cars in August and expects to collect an average of $6.80 per car washed Required: Complete the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income

Explanation / Answer

Flexible budget :

Revenue 57800 Expense Cleaning supplies 3400 Electricity 1695 Maintenance 1275 Wages and salaries 6850 Depreciation 8300 Rent 1900 Administrative expenses 2140 Total expense 25560 Net operating income 32240

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