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EXERCISE 9-9 Planning Budget L09-1 Lavage Rapide is a Canadian company that owns and operates a large automatic car with facility near Montreal The following
EXERCISE 9-9 Planning Budget L09-1 Lavage Rapide is a Canadian company that owns and operates a large automatic car with facility near Montreal The following table provides estimates concerning the company's costs. Fixed Cost Cost per pet Month Car Washed Cleaning supplies 50.80 Electricity $1,200 SO.IS Maintenance S0.20 Wages and salaries $5,000 0.30 Depreciation $6,000 $8,000 Rent Administrative expenses $4.000 30.10 For example, electncity costs should be $1,200 per month plus 0.15 per car washed. The company expects to wash 9.000 cars in Aarust and to collect an average of $4.90 per car washed. Required: Using Exhibit 9-2 as your gunde, prepare the company's planning budget for August
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