Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility...
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Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company's costs Cost per Car Washed 0.80 0.15 0.20 $0.30 Fixed Cost per Month leaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,200 5,000 6,000 $8,000 $4,000 $0.10 For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company actually washed 8,800 cars in August. The company expected to collect an average of $4.90 per car washed Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed Revenue 8,800 $ 43,080 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 7,560 2,670 2,260 8,500 6,000 8,000 4,950 Administrative expenses Total expense 39,940 Net operating income $ 3,140
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