tes Teols Help CCT 2060 CH 9 HW EX 9-11 FALL 2017 Help Seve Lavage Rapide a Cana

Question

tes Teols Help CCT 2060 CH 9 HW EX 9-11 FALL 2017 Help Seve Lavage Rapide a Canadan company that owns and operates a large automat c car wasn tacny near Montreal The tolong table provides data concerning the company's costs Fixed Coet per Cleaning supplies Plectricity 0.50 o.06 0.30 4,300 0.20 Depreciation 8,200 intati2 000 Adminiatratire 1.300 .03 For example, electricity costs are $1,300 per month plus s006 per car washed The company actualy washed 8,300 cars in August and collected an average of $5 90 per car washed Required: Prepare the company's fiexible budget tor August Prev 1 N TOSHIBA DEL BACK SPACE ENT

Explanation / Answer

LAVAGE RAPIDE Flexible Budget For the Month Ended August 31 Actual car washed 8300 Revenue (8300 * 5.90) 48970 Expenses: Cleaning supplies (8300*0.50) 4150 Electricity [1300 + (0.60*8300)] 6280 Maintenance (0.30*8300) 2490 Wages and salaries [4300 + (0.20*8300)] 5960 Depreciation (fixed) 8200 Rent (fixed) 2000 Administration expenses [1300 +(0.03 * 8300)] 1549 Total expenses 30629 Net Operating Income 18341

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