Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lavage rapide is a canadian company that owns...

Lavage Rapide is a Canadian company that owns...

80.2K

Verified Solution

Question

Accounting

image
image
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost per Month Cost per Car Washed $0.60 $0.06 $ 0.25 $ 0.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,400 $4,400 $8,000 $2,100 $1,500 $ 0.05 For example, electricity costs should be $1.400 per month plus $0.06 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.20 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 For example, electricity costs should be $1,400 per month plus $0.06 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.20 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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

6 pts Let f x be the function whose graph is as follows 4 3...

Geometry
Q

Can anyone PLEASE point me in the right direction to get started. this is part 2...

General Management
Q

A factory has three machines capable of producing widgets. All three machines together can produce 191...

Advance Math
Q

Why did Addams volunteer as an on call doctor O Because she had medical training...

Biology
Q

Fill in the blank with an appropriate word, phrase, or symbol(s).A controlled operation that yields...

Basic Math
Q

Mr. Jones has $10,000 to invest in three types of stocks, low-risk, medium-risk, and high-risk....

Basic Math
Q

A delivery truck is transporting boxes of two sizes large and small The combined weight...

Algebra
Q

Which of the following accounts would Carlo credit when a customer who bought three dozen...

Accounting
Q

Please take your time and make sure this question is answered correctly. This is a...

Accounting
Q

Analyze the potential for a material misstatement in the financial statements based on the issues...

Accounting
Q

wers as negative numbers. If no account or activity is affected, select "No effect from...

Accounting
Q

Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. Is...

Accounting