Exercise $9-10($Algo$)$ Flexible Budget $[$LO$9-1]$

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:

$$Fixed Cost per MonthCost per Car WashedCleaning supplies$$$ $0\mathrm{.}60$Electricity$ $1,000$$ $0\mathrm{.}06$Maintenance$$$ $0\mathrm{.}20$Wages and salaries$ $4,400$$ $0\mathrm{.}40$Depreciation$ $8,200$Rent$ $1,900$Administrative expenses$ $1,500$$ $0\mathrm{.}05$

For example, electricity costs should be $$1,000$ per month plus $$0\mathrm{.}06$ per car washed. The company actually washed $8,400$ cars in August and collected an average of $$6\mathrm{.}00$ per car washed.

Required:

Prepare the company$$s flexible budget for August.

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:

For example, electricity costs should be $\backslash (\backslash$$ $1,000\backslash )$ per month plus $\backslash (\backslash$$ $0\mathrm{.}06\backslash )$ per car washed. The company actually washed $8,400$ cars in August and collected an average of $\backslash (\backslash$$ $6\mathrm{.}00\backslash )$ per car washed.

Required:

Prepare the company's flexible budget for August.