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Lavage kapice is a Canadian company that owns and operates a large automatic car wasn facility near Montreal, ine tollowing tadie provides estimates concerning
Lavage kapice is a Canadian company that owns and operates a large automatic car wasn facility near Montreal, ine tollowing tadie provides estimates concerning the company's costs: Cost per Car Washed Fixed Cost per Month Cleaning supplies $ 0.70 Electricity $ 1,500 $ 0.05 Maintenance $ 0.20 Wages and salaries $ 4,500 $ 0.20 Depreciation Rent $ 8,400 $2,000 Administrative expenses $1,400 $ 0.04 For example, electricity costs should be $1,500 per month plus $0.05 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 311 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income
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