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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: Fixed Cost per Month Cost per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent $ 0.70 $1,300 $ 0.08 $ 0.10 $ 4,300 $ 0.20 Administrative expenses $8,300 $2,000 $1,400 $ 0.05 4 For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company actually washed 8,200 cars in August and collected an average of $6.20 per car washed. Required: Prepare the company's flexible budget for August.
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