Rapide is a Canadian company that owns and operates a large automatic carwash fa
ID: 2528673 • Letter: R
Question
Rapide is a Canadian company that owns and operates a large automatic carwash facility near Lavage Montreal. The following table provides data concerning the company's costs Fixed Cost per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.70 $0,09 $ 0.20 $0.20 $ 1,200 $4,300 $8,300 S 1,900 $ 1,800 $0.04 For example, electricity costs are $1,200 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.20 per car washed. Required Complete the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating incomeExplanation / Answer
the following is the planning budget for august.
Lavage Rapide
Planning Budget
For the month ended August 31.
Reveue (8,400*$6.20) $52,080 expenses: Cleaning supplies ($0.70*8,400) 5,880 Electricity ($1200 + ($0.09*8,400)) 1,956 maintenance ($0.20*8,400) 1,680 wages and salaries ($4,300 +($0.20*8,400)) 5,980 depreciation 8,300 rent 1,900 administrative expenses ($1800+($0.04*8,400)) 2,136 Total expense 27,832 Net operating income (52,080-27,832) $24,248Related Questions
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