dit View History Bookmarks People Window Help MH Campu S-ACCT-230-002 McGraw-Hil

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dit View History Bookmarks People Window Help MH Campu S-ACCT-230-002 McGraw-Hill Education Campu x Chapter 8, Part 1 Homework x ezto.mheducation.com/hm.tpx Exercise 8-8 Flexible Budget [LO8-1 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 Cleaning supplies Electricity Maintenance Wages and salaries Cost per Car Washed $ 0.60 $ 0.09 $0.30 $0.30 1,400 S 4,200 $ 8,100 S 2,000 $ 1,400 Rent 0.03 For example, electricity costs are $1.400 per month plus $0.09 per car washed. The washed 8,100 cars in August and expects to collect an average of $6.50 per car washed Required: Complete the company's flexible budget for August Lavage Rapide Flexibie Budget Electniaity Wages and salaries 5

Explanation / Answer

Flexible Budget Revenue 8100*6.50 52650 Expenses Cleaning Supplies 8100*.60 4860 Electricity 8100*.09+1400 2129 Maintenance 8100*.30 2430 Wages and salaries 4200+8100*.30 6630 Depreciation 8100 Rent 2000 Admin expense 1400+1800*.03 1454 Total Expense 27,603

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