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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 Cost Cost per Car per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Washed $ 0.40 11,300 10.10 $0.25 14,000 $8.40 $8,500 $ 2,2001 $1,700 $ 0.05 For example, electricity costs are $1300 per month plus $0.10 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.80 per car washed. For example, electricity costs are $1300 per month plus $0.10 per car washed. The company expects to wash 8.100 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 salanes Depreciabon Rent Administrative expenses Total expense Net operating income
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