Lovage Rapide is a Canadian company that owns and operates a large sutomatic car wash facility...
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Lovage Rapide is a Canadian company that owns and operates a large sutomatic car wash facility near Montreal. The following table provides estimates concerning the compeny's costs: Fixed Cost per Month Cost per Car Washed cleaning supplies Electricity Maintenance $ 8.40 $ e.10 $ 8.10 $ 8.30 $ 1,100 Wages and salaries Depreciation Rent Administrative expenses $ 4,900 $ 8,e00 $ 2,180 $ 1,600 $ 8.es For example, electricity costs should be $1,100 per month plus $0.10 per car weshed. The company actually weshed 8.100 cars in August and collected on everage of $6.20 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 aperating income Lovage Rapide is a Canadian company that owns and operates a large sutomatic car wash facility near Montreal. The following table provides estimates concerning the compeny's costs: Fixed Cost per Month Cost per Car Washed cleaning supplies Electricity Maintenance $ 8.40 $ e.10 $ 8.10 $ 8.30 $ 1,100 Wages and salaries Depreciation Rent Administrative expenses $ 4,900 $ 8,e00 $ 2,180 $ 1,600 $ 8.es For example, electricity costs should be $1,100 per month plus $0.10 per car weshed. The company actually weshed 8.100 cars in August and collected on everage of $6.20 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 aperating income
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Flexiable Budget For the month of August 31 Particulars Amount ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Posted Date:
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