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: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.60 Electricity $ 1,100 $ 0.09 Maintenance $ 0.15 Wages and salaries $ 4,200 $ 0.30 Depreciation $ 8,100 Rent $ 1,800 Administrative expenses $ 1,500 $ 0.02 For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.20 per car washed. Required: Complete the company’s planning budget for August.

Explanation / Answer

Lavage Rapide

Planning Budget For the Month Ended August

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