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Miracle Car Wash located in Nashville, Tennessee has been providing interior and exterior car washes since 1960. Provided below is information regarding Miracle's costs:
Miracle Car Wash located in Nashville, Tennessee has been providing interior and exterior car washes since 1960. Provided below is information regarding Miracle's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Fixed Cost per Month $1,200 $ 4,300 Cost per Car Washed $0.70 $0.10 $ 0.25 $0.20 $ 8,200 $ 1,900 Administrative expenses $1,500 $ 0.05 For example, electricity costs are $1,200 per month plus $0.10 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.00 per car washed. Required: Prepare the company's planning budget for August. Miracle Car Wash
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