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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 the
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: Fixed Cost Cost per per Month Car Washed Cleaning supplies 5 6.56 Electricity $ 1,286 $ 8.87 Maintenance $ 9.15 Wages and salaries $ 4,696 $ 6.36 Depreciation $ 8,696 Rent $ 1, see Administrative expenses $ 1,768 5 6.83 For example, electricity costs should be $1,200 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.20 per car washed. Required: Prepare the company's planning budget for August. : udgeted cars washed _ Required: Prepare the company's planning budget for August. : udgeted cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense 0 Net operating income $ 0
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