1.00 points Lavage Rapide is a Canadian company that owns and operates a large a

Question

1.00 points Lavage Rapide is a Canadian company that owns and operates a large automatic canwash facility near Montreal. The following table provides data concerning the company's costs Fixed Cost per Month Cleaning supplies Electricity Maintenance Wages and salaries Cost per Car Washed s 0.50 $ 0.07 S 0.15 s 0.40 1,100 $ 4,600 $ 8,400 $ 2,000 $ 1,300 Rent $ 0.03 For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.80 per car washed Required: Complete the company's planning budget for August Lavage Rapide Planning Budget For the Month Ended August 31 Expenses Electricity Wages and salaries MacBook Air

Explanation / Answer

Planning Budget for August

Particulars Amount ($) Revenue (8100*6.80) 55,080 Expenses: Cleaning supplies(8100*0.5) 4,050 Electricity[(8100*0.07)+1100] 1,667 Maintenance(8100*0.15) 1,215 Wages and salaries[(8100*0.4)+4600] 7,840 Depreciation 8,400 Rent 2,000 Administrative expense[(8100*0.03)+1300] 1,543 Total expenses 26,715 Net operating income 28,365

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