Lavage Rapide is a Canadian company that owns and operates a large automatic car

Question

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 Cleaning supplies $ 0.60 s 008 $0.30 s 0.20 $ 1,000 Wages and salaries $ 4,000 $ 8,100 Administrative expenses 1,600 $0.06 For example, electricity costs are $1,000 per month plus $0.08 per car washed. The company actually washed 8,200 cars in August and expects to collect an average of $6.00 per car washed Required: Complete the company's flexible budget for August Lavage Rapide Flexible Budget For the Month Ended August 31 Cleaning supplies Wages and salaries Depreciation Administrative expenses Total expense Net operating income O Type here to search 2

Explanation / Answer

Flexible budget :

Revenue (8200*6) 49200 Expense Cleaning supplies (8200*.60) 4920 Electricity (8200*.08+1000) 1656 maintenance (8200*.30) 2460 Wages and salaries (8200*.20+4000) 5640 Depreciation 8100 Rent 2200 Administrative expense (8200*.05+1600) 2010 Total expense 26986 Net operating income 22214

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