What the Budgeted car washed ? Lavage Rapide is a Canadian company that owns and

Question

What the Budgeted car washed ? 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 ixed cost cost per per Month Car Washed Cleaning supplies Electricity Maintenance Nages and salarles Depreciation Rent $0.40 $0.06 $0.30 $0.30 $1,400 $4,300 8,100 $1,900 $1,600 Adminiatrative expenses $ 0.02 For example, electricity costs are $1.400 per month plus $0.06 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 per car washed. Required: Prepare the company's planning budget for August Answer is not complete. Lavage Rapide Planning Budget For the Month Ended August 31 Budgeted cars washed S 54 Revense Expenses Cleaning supplies Electricity Maintenance 2,6 Wages and salaries 6.1 Rent Administrative expenses Total expense 26,3/2 Net operasng inoome

Explanation / Answer

Solution :-

Budgeted Cars Washed :-

Particulars Amount ($) Amount ($) Revenue (8400*$6.5) 54600 Expenses :- Cleaning Supplies (8400*$0.4) 3360 Electricity ($1400 + (8400*$0.06)) 1904 Maintenance (8400*$0.3) 2520 Wages and Salaries($4300+(8400*$0.3) 6820 Depreciation 8100 Rent 1900 Administrative Expenses($1600+(8400*$0.02) 1768 Total Expenses 26372 Net Opreating Income 28228

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