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Cleaning supplies $ 0.50 Electricity $ 1,300 $ 0.07 Maintenance $ 0.15 Wages and salaries $ 4,700 $ 0.20 Depreciation $ 8,500 Rent $ 2,200
Cleaning supplies $ 0.50 Electricity $ 1,300 $ 0.07 Maintenance $ 0.15 Wages and salaries $ 4,700 $ 0.20 Depreciation $ 8,500 Rent $ 2,200 Administrative expenses $ 1,600 $ 0.04 For example, electricity costs should be $1,300 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.50 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,300 Revenue $ 55,400 Expenses: Cleaning supplies 4,600 Electricity 1,844 Maintenance 1,470 Wages and salaries 6,700 Depreciation 8,500 Rent 2,400 Administrative expenses 1,828 Total expenses 27,342 Net operating income $ 28,058 Required: Prepare a flexibl
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