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: Cost per Fixed Cost per Car Washed Month Cleaning supplies $ 0.70 Electricity $ 1,100 $ 0.08 Maintenance $ 0.25 Wages and salaries $ 4,600 $ 0.40 $ 8,300 $ 2,000 $ 1,400 $ 0.05 Depreciation Rent Administrative expenses For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.80 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 0 Net operating income $ 0

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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:
Cost per
Fixed
Cost per
Car Washed
Month
Cleaning supplies
$ 0.70
Electricity
$ 1,100
$ 0.08
Maintenance
$ 0.25
Wages and salaries
$ 4,600
$ 0.40
$ 8,300
$ 2,000
$ 1,400
$ 0.05
Depreciation
Rent
Administrative expenses
For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The
company actually washed 8,600 cars in August and collected an average of $6.80 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
0
Net operating income
$
0
Transcribed Image Text: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: Cost per Fixed Cost per Car Washed Month Cleaning supplies $ 0.70 Electricity $ 1,100 $ 0.08 Maintenance $ 0.25 Wages and salaries $ 4,600 $ 0.40 $ 8,300 $ 2,000 $ 1,400 $ 0.05 Depreciation Rent Administrative expenses For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.80 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 0 Net operating income $ 0
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ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College