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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: Pixed Cont per Month Cont per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Adninintrative expenses $0.40 $0.08 0.10 $0.40 $1,200 $4,800 $8,100 $2,100 $1,400 $0.02 For example, electricity costs should be $1,200 per month plus $0.08 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.50 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 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: Pixed Cont per Month Cont per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Adninintrative expenses $0.40 $0.08 0.10 $0.40 $1,200 $4,800 $8,100 $2,100 $1,400 $0.02 For example, electricity costs should be $1,200 per month plus $0.08 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.50 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
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A Lavage Rapide Flexible Budget 2 3 For the month Ended August 31 4 Rev... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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