60.1K

Verified Solution

Link Copied!

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 per Month $ 1,400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.50 $ 0.00 $ 0.15 $ 0.40 $ 4,900 $ 8,200 $1,900 $ 1,400 $ 0.04 For example, electricity costs are $1.400 per month plus $0.08 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.70 per car washed. Required: Prepare the company's planning budget for August Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses For example, electricity costs are $1,400 per month plus $0.08 perc and to collect an average of $6.70 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Actual cars washed Budgeted cars washed Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income For example, electricity costs are $1,400 per month plus $0. and to collect an average of $6.70 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning 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 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: Pixed Cost per month Cost per Car Washed $ 0.70 $ 0.07 $0.10 50.40 cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,500 $4,500 $8,300 $2,100 $1,400 $ 0.01 For example, electricity costs are $1,500 per month plus $0.07 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.00 per car washed. Required: Prepare the company's flexible budget for August Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue and collected an average of $6.00 per car washed. Required: Prepare the company's flexible budget for August Lavage Rapide Flexible Budget For the Month Ended August 31 Actual cars washed Budgeted cars washed CIECTORY Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 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

Answer & Explanation Solved by verified expert

See Answer