Question: Check my work Exercise 9-10 Planning Budget (LO9-1] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near
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Check my work Exercise 9-10 Planning Budget (LO9-1] 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 Cost per Car Washed eBook Hint $1,000 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $0.40 $0.06 $0.20 $0.20 Print Ferences $4,600 $8,000 $2,100 $1,400 $0.02 For example, electricity costs are $1,000 per month plus $0.06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $5.90 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Ints eBook Hint Print References Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income
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