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Cleaning supplies $ 0.70 Electricity $ 1,000 $ 0.05 Maintenance $ 0.20 Wages and salaries $ 5,000 $ 0.20 Depreciation $ 8,300 Rent $ 2,000
Cleaning supplies $ 0.70 Electricity $ 1,000 $ 0.05 Maintenance $ 0.20 Wages and salaries $ 5,000 $ 0.20 Depreciation $ 8,300 Rent $ 2,000 Administrative expenses $ 1,700 $ 0.05 For example, electricity costs should be $1,000 per month plus $0.05 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.90 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 8,200 Revenue $ 57,990 Expenses: Cleaning supplies 6,170 Electricity 1,375 Maintenance 1,860 Wages and salaries 6,980 Depreciation 8,300 Rent 2,200 Administrative expenses 2,005 Total expenses 28,890 Net operating income $ 29,100 Required: Calculate the com
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