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Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides dota concerning the company's
Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides dota concerning the company's costs: Fixed Cost per Month Cost per Car Washed $0.70 $0.09 $ 0.10 $0.30 $ 1.400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $4,900 $8,500 $1,900 $1,400 $0.02 For example, electricity costs are $1,400 per month plus $0.09 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.00 per car washed. Required: Complete the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses i expenses For example, electricity costs are $1,400 per month plus $0.09 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.00 per car washed. Required: Complete 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
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