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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 data concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month $ 1,300 $4,100 $ 8,100 $ 1,900 $ 1,300 cost per Car Washed $ 0.00 $ 0.05 $ 0.20 $ 0.40 $ 0.04 For example, electricity costs are $1,300 per month plus $0.05 per car washed. The company actually washed 8,100 cars in August and collected an average of $6.50 per car washed. Required: Prepare the company's flexible budget for August. Lav age 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 69 $ 0 0 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: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month $ 1,300 $4,100 $ 8,100 $ 1,900 $ 1,300 cost per Car Washed $ 0.00 $ 0.05 $ 0.20 $ 0.40 $ 0.04 For example, electricity costs are $1,300 per month plus $0.05 per car washed. The company actually washed 8,100 cars in August and collected an average of $6.50 per car washed. Required: Prepare the company's flexible budget for August. Lav age 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 69 $ 0 0
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Lavage Rapide Planning Budget For the month ended August 31 Budgeted car wash ... View the full answer
Related Book For
Managerial Accounting
ISBN: 9781259275814
11th Canadian Edition
Authors: Ray H Garrison, Alan Webb, Theresa Libby
Posted Date:
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