Question
Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the companys
Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the companys costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.60 Electricity $ 1,500 $ 0.05 Maintenance $ 0.20 Wages and salaries $ 4,800 $ 0.20 Depreciation $ 8,100 Rent $ 1,900 Administrative expenses $ 1,700 $ 0.01 For example, electricity costs are $1,500 per month plus $0.05 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.00 per car washed. Required: Complete the companys planning budget for August.
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