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URGENT, help please. Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides
URGENT, help please.
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost Cost per Car per Month Washed Cleaning supplies $0.50 Electricity $1,300 $0. 08 Maintenance $0. 10 Wages and salaries $5,000 $0.20 Depreciation $8,500 Rent $2,000 Administrative $1, 400 $0.01 expenses For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.80 per car washed. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible 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 $ 0Step by Step Solution
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