ACCT 2332 I need help with the following question: 4 value 20.00 points Lavage R

Question

ACCT 2332

I need help with the following question:

4 value 20.00 points 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 Cost per Car Washed $0.70 $0.09 $0.20 $0.30 Fixed Cost per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 1,200 $ 4,800 $ 8,000 $ 1,800 $ 1,600 $0.03 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 $6.60 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 income

Explanation / Answer

Planning budget :

Revenue 55440 Expense Cleaning supplies 5880 Electricity 1956 Maintenance 1680 Wages and salaries 7320 Depreciation 8000 Rent 1800 Administrative expenses 1852 Total expense 28488 Net operating income 26952

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