Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

required Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concerning the

required
image text in transcribed
Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concerning the company's costs: Cost per Fixed Cost per month $2,400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Wasbed $1.10 0.50 0.70 0.80 5,700 9,300 3,100 2,890 0.04 The company expects to charge customers an average of $8.80 pe car washed. Required: Prepare a flexible budget for October assuming either 6,500 or 7,500 cars are washed. 7,500 AUTO LAVAGE INC. Flexible Budget For the Month Ended October 31 Budgeted Amount Cars Washed Per Unit (per car) 6,500 $ 57,200 Variable expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative Total variable expenses 0.00 0 $ 0.00 57,200 0 0 Fixed expenses 0 0 Total fixed expensos $ 57.200 $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing Assurance & Consulting Services

Authors: Kurt F Reading, Paul J Sobel, Urton L Anderson, Michael J Head, Sri Ramamoorti

1st Edition

ISBN: 0894136100, 9780894136108

More Books

Students also viewed these Accounting questions

Question

Registry key that stores most recently opened files?

Answered: 1 week ago

Question

7 Explain the equity theory of motivation.

Answered: 1 week ago