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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 Coat Cost per per Month Car Washed Cleaning supplies 5.0.70 Electricity $1,500 $ 0.00 Maintenance $ 0.25 Wages and salaries 3.4.800 Depreciation $ 8,300 Rent $ 2,000 Administrative expenses $1,000 50.05 For example, electricity costs are $1,500 per month plus $0.09 per car washed. The company expects to wash 8,000 cars in August and to collect on average of $6.90 per car washed. Required: Prepare the company's planning budget for Augusti 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 salaries Depreciation Rent Administrative expenses Total expense Net operating income 0 $ 0
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