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Complete the company''s planning budget for august

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Reference no: EM131569007

Question - Flexible Budget

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company's costs:

 

Fixed Cost per Month

Cost per Car Washed

Cleaning supplies

 

$0.80

Electricity

$1,200

$0.15

Maintenance

 

$0.20

Wages and salaries

$5,000

$0.30

Depreciation

$6,000

 

Rent

$8,000

 

Administrative expenses

$4,000

$0.10

For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed.

Required: Complete the company's planning budget for August.

Reference no: EM131569007

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