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

Question

4 value 1.00 points Lavage Rapide is a Canadian company that owns and operates a large automatic carwa Montreal. The following table provides data concerning the company's costs Cost per Car Washed 0.70 $ 0.10 $ 0.10 0.20 Fixed Cost per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 1,100 $ 4,100 S 8,000 $ 2,100 $ 1,600 $ 0.02 For example, electricity costs are $1,100 per month plus $0.10 per car washed. The con wash 8,400 cars in August and to collect an average of $6.10 per car washed Required: Complete the company's planning budget for August. avage 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 income

Explanation / Answer

Planning Budget Revenue 51240 =8400*6.1 Expenses: Cleaning supplies 5880 =8400*0.7 Electricity 1940 =1100+(8400*0.1) maintenance 840 -=8400*0.1 Wages and salaries 5780 =4100+(8400*0.2) Depreciation 8000 Rent 2100 Administrative expenses 1768 =1600+(8400*0.02) Total expense 26308 Net operating income 24932

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