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The following table provides data concerning the company's costs: Fixed Cost per MonthCost per Car Washed Cleaning supplies$0.80 Electricity $1,200$0.08Maintenance$0.30Wages and salaries$4,800$0.20Depreciation$8,000Rent$2,000Administrative expenses$1,800$0.03 For example,
The following table provides data concerning the company's costs:
Fixed Cost per MonthCost per
Car Washed Cleaning supplies$0.80 Electricity $1,200$0.08Maintenance$0.30Wages and salaries$4,800$0.20Depreciation$8,000Rent$2,000Administrative expenses$1,800$0.03
For example, electricity costs are $1,200 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 per car washed.
Required:
Prepare the company's planning budget for August.
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