Lavage Rapide is a Cadian coay that owns and operates a large automatic car wash

Question

Lavage Rapide is a Cadian coay that owns and operates a large automatic car wash faciliy near Montreal. The provides data concerning the company's costs: Fixed Cost Cost per per Month Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Adminiatrative expenses $0.40 $0.06 $0.30 $0.30 $ 1,400 $4,300 $ 8,100 $1,900 $1,600 $0.02 For example, electicity costs are $1,400 per month plus S0.06 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 per car washed Required Prepare the compary's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 es Cleaning supplies Electrioity Maintenance Wages and salaries Depreciation Rent Aoministrative expenses Total expense Ner operatine income

Explanation / Answer

Revenue 54,600.00 Expenses: Cleaning supplies 3,360.00 Electricity 1,904.00 Maintenance 2,520.00 Wages and salaries 6,820.00 Depreciaiton 8,100.00 Rent 1,900.00 Administrative expenses 1,768.00 Total Expenses 26,372.00 Net Operating income 28,228.00

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.