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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 estimates
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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 estimates concerning the company's costs: Fixed cost per Month $1,000 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.50 $ 0.08 5 0.25 $ 0.20 $ 4,800 $ 8,500 $2,000 $1,700 $ 0.05 For example, electricity costs should be $1,000 per month plus $0.08 per car washed. The company expects to wash 8,100 cars in August and to collect on average of $6.00 per car washed, Required: Prepare the company's planning budget for August 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 Step by Step Solution
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