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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 estimates concerning
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cost per Car Fixed Cost per Month Washed Cleaning supplies $ 0.60 Electricity $ 1,300 $ 0.07 Maintenance $ 0.30 Wages and salaries $ 4,700 $ 0.30 $ 8,400 $ 2,000 $ 1,700 $ 0.01 Depreciation Rent Administrative expenses For example, electricity costs should be $1,300 per month plus $0.07 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $5.90 per car washed. Required: Prepare the company's planning budget for August.
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