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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 per Month Cost per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation $ 0.70 $1,500 $ 0.06 $0.20 $4,600 $0.30 $ 8,500 Rent $ Administrative expenses 2,000 $1,600 $0.02 For example, electricity costs are $1,500 per month plus $0.06 per car washed. The company expects to wash 8.000 cars in August and to collect an average of $6.10 per car washed. Required: Prepare the company's planning budget for August
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