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 car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost Cost per per Month Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $%4,000 $0.80 $1,200$.15 $0.20 $0.30 $5,000 $6,000 $8,000 $0.10 For example, electricity costs are $1,200 per month plus s0.15 per car washed. The company exp and to collect an average of $4.90 per car washed. per month plus $0.1 Required: Prepare the company's planning budget for August. Lavage Rapide Prev 1 of 6Next> earch

Explanation / Answer

Revenue $44,100.00 Expenses Cleaning supplies $7,200.00 Electricity $2,550.00 Maintenance $1,800.00 Wages and salaries $7,700.00 Depreciation $6,000.00 Rent $8,000.00 Administrative expenses $4,900.00 Total expenses $38,150.00 Net operating income $5,950.00

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