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help please Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides date
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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides date concerning the company's costs: Tixed cost Coat per per Month Car Washed Cleaning supplies $ 0.50 Electricity $ 1,100 $ 0.08 Maintenance $ 0.25 Wages and salarios $4,500 $ 0.20 Depreciation $ 8,400 Rent $ 2,000 Administrative expenses $ 1,600 $ 0.01 For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.80 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 0 $ 0 Step by Step Solution
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