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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 data concerning the
Lavage Rapide Is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Gost per month Cost per Car Hashed $ 0.69 $ 1,200 Cleaning supplies Electricity Maintenance Heges and salaries Depreciation Rent Administrative expenses $ 4,900 $ 1,900 $ 1,600 $ 0.02 For example, electricity costs are $1,200 per month plus $0.06 per car washed. The company expects to wash 8,100 cars In August and to collect an average of $6.30 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
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