Please do not give solution in image format thanku 9Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tableprovides estimates concerning the company's costsCleaning suppliesElectricityHaintenanceWages and salariesDepreciationRentAdministrative expensesLavage RapideFlexible BudgetFor the Month Ended August 31RevenueExpensesFixedCost perMonth$1,100Cleaning suppliesElectricityMaintenanceWages and salariesDepreciationRent14,100$ 8,400$0.04For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The company actually washed 8,400 cars inAugust and collected an average of $6.90 per car washedAdministrative expenses12,100$1,600Required:Prepare the company's flexible budget for AugustCost perCar Mashed$0.40$ 0.005:0.2050.40

Flexible budget :— This budget is prepared to calculate budgeted costs on actual units produced. It…

9 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 Cleaning supplies Electricity Haintenance Wages and salaries Depreciation Rent Administrative expenses Lavage Rapide Flexible Dudget For the Month Ended August 31 Revenue Expenses $.0,04 For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.90 per car washed Cleaning supplies Electricity Maintenance Fixed Cost per Honth $1,100 $4,100 $8,400 Required: Prepare the company's flexible budget for August Wages and salaries Depreciation Rent 12,100 $1,600 Administrative expenses Cost per Car Mashed $0.40 $ 0.00 5:0.20 50.40

9 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 Cleaning supplies Electricity Haintenance Wages and salaries Depreciation Rent Administrative expenses Lavage Rapide Flexible Dudget For the Month Ended August 31 Revenue Expenses $.0,04 For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.90 per car washed Cleaning supplies Electricity Maintenance Fixed Cost per Honth $1,100 $4,100 $8,400 Required: Prepare the company's flexible budget for August Wages and salaries Depreciation Rent 12,100 $1,600 Administrative expenses Cost per Car Mashed $0.40 $ 0.00 5:0.20 50.40

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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