Balancier Car Wash has the following data. Balancier Car Wash Income Statement For the Month ending...

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Balancier Car Wash has the following data. Balancier Car Wash Income Statement For the Month ending December 31 Actual Car Washes 11,000 Revenue $ 82,500 Expenses: Cleaning supplies $ 9,086 Electricity 2,987 Maintenance 2,840 Wages and salaries 9,275 Depreciation 7,000 Rent 9,000 Administrative expenses 6,088 Total expense $ 46,276 Net operating income $ 36,224 Fixed Cost Variable Cost Per Month Per Car Wash Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.81 $ 1,150 $ 0.16 $ 0.22 4,900 $ 0.31 7,000 9,000 5,000 $ 0.10 Sales price per car wash $ 7.50 1. Based on the above information, prepare a planning budget for the month. Balancier Car Wash Planning Budget Budgeted cars washed 11,200 Select an answer $ Expenses: Cleaning Supplies Electricity Maintenance 2464 Wages and Salaries 00 Depreciation Rent 7000 Administrative Expenses Select an answer Select an answer 9000 GA 2. Prepare a Comparison of the Planned Operating Budget to Actual Balancier Car Wash Planning Budget Planning Actual Variances Budget Cars washed 11,200 11,000 Select an answer $ Expenses: Cleaning Supplies Electricity A $ +A $ F 9086 +A $ E U Maintenance 2464 2840 Wages and Salaries Depreciation 7000 7000 Rent Administrative Expenses Select an answer 9000 9000 F F F F Select an answer $ $ $ UV 3. Prepare a Comparison of the Flexible Budget to Actual Balancier Car Wash Planning Budget Flexible Actual Variances Budget Cars washed 11,000 11,000 $ $ Revenue 82500 82500 Expenses: Cleaning Supplies 8910 +A $ +A $ 0 U v Electricity 2910 0 U 00 Maintenance 0 2420 U Wages and Salaries 8310 E Depreciation 00 7000 00 7000 Rent Administrative Expenses 9000 6100 B 08 9000 00 0 U 0 Administrative Expenses 6100 $ Total Expenses +A $ 44650 00 0 F 0 Uv $ Net Operating Income $ 39030 37850 U v Balancier Car Wash has the following data. Balancier Car Wash Income Statement For the Month ending December 31 Actual Car Washes 11,000 Revenue $ 82,500 Expenses: Cleaning supplies $ 9,086 Electricity 2,987 Maintenance 2,840 Wages and salaries 9,275 Depreciation 7,000 Rent 9,000 Administrative expenses 6,088 Total expense $ 46,276 Net operating income $ 36,224 Fixed Cost Variable Cost Per Month Per Car Wash Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.81 $ 1,150 $ 0.16 $ 0.22 4,900 $ 0.31 7,000 9,000 5,000 $ 0.10 Sales price per car wash $ 7.50 1. Based on the above information, prepare a planning budget for the month. Balancier Car Wash Planning Budget Budgeted cars washed 11,200 Select an answer $ Expenses: Cleaning Supplies Electricity Maintenance 2464 Wages and Salaries 00 Depreciation Rent 7000 Administrative Expenses Select an answer Select an answer 9000 GA 2. Prepare a Comparison of the Planned Operating Budget to Actual Balancier Car Wash Planning Budget Planning Actual Variances Budget Cars washed 11,200 11,000 Select an answer $ Expenses: Cleaning Supplies Electricity A $ +A $ F 9086 +A $ E U Maintenance 2464 2840 Wages and Salaries Depreciation 7000 7000 Rent Administrative Expenses Select an answer 9000 9000 F F F F Select an answer $ $ $ UV 3. Prepare a Comparison of the Flexible Budget to Actual Balancier Car Wash Planning Budget Flexible Actual Variances Budget Cars washed 11,000 11,000 $ $ Revenue 82500 82500 Expenses: Cleaning Supplies 8910 +A $ +A $ 0 U v Electricity 2910 0 U 00 Maintenance 0 2420 U Wages and Salaries 8310 E Depreciation 00 7000 00 7000 Rent Administrative Expenses 9000 6100 B 08 9000 00 0 U 0 Administrative Expenses 6100 $ Total Expenses +A $ 44650 00 0 F 0 Uv $ Net Operating Income $ 39030 37850 U v

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To prepare a planning budget for the Balancier Car Wash based on the provided information we need to calculate the budgeted revenue and expenses for 1... View the full answer