Question
Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the companys
Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the companys costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.60 Electricity $ 1,400 $ 0.09 Maintenance $ 0.25 Wages and salaries $ 4,200 $ 0.40 Depreciation $ 8,200 Rent $ 1,900 Administrative expenses $ 1,800 $ 0.02 For example, electricity costs are $1,400 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.30 per car washed. Required: Complete the companys planning budget for August.
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