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 MonthCar Washed Cost per Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $0.60 $ 0.07 $ 0.15 S 0.20 $1,200 $ 4,900 $ 8,400 $ 1,900 $ 1,700 $0.04 For example, electricity costs are $1,200 per month plus $0.07 per car washed. The company actually washed 8,100 cars in August and expects to collect an average of $6.20 per car washed Required Complete the company's flexible budget for August. Lavage Rapide Flexible 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

Dear Student Thank you for using Chegg Please find below the answer Lavage Rapide Flexible Budget For the month ended August 31 Paticulars Amount Revenues = 8100 * 6.20                 50,220.00 Expenses : Cleaning supplies= 8100 * .60                   4,860.00 Electricity = 1200 + 8100*.07                   1,767.00 Maintenance = 8100 * .15                   1,215.00 Wages and salaries = 4900 + 8100*.20                   6,520.00 depreciation                   8,400.00 Rent                     1,900.00 Administrative expenses= 1700 + 8100*.04                   2,024.00 Total Expenses                 26,686.00 Net operating income                 23,534.00

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