Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Actual cars washed Revenue Lavage Rapide Income Statement For the Month Ended August 31

Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Actual cars washed Revenue Lavage Rapide Income Statement For the Month Ended August 31 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Fixed Cost per Month For example, electricity costs should be $1,500 per month plus $0.07 per car washed. The company expects to wash 8,400 c August and to collect an average of $6.70 per car washed. The actual operating results for August are as follows: Rent $ 1,500 $ 4,600 $ 8,200 $ 2,100 $ 1,500 Administrative expenses Total expenses Net operating income Cost per Car Washed 8,500 $ 58,380 $ 0.80 $ 0.07 7,220 2,058 1,920 7,480 8,200 2,300 1,652 30,830 $ 27,550 $ 0.20 $ 0.30 $ 0.03
image text in transcribed
image text in transcribed
For example, electricity costs should be $1,500 per month plus $0.07 per car washed. The company expects to wash 8,400 August and to collect an average of $6.70 per car washed. The actual operating results for August are as follows

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions