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Check my B Lavage Rapide is a Canadian company that owns and operates a large...

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Accounting

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Check my B 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: Fixed Coat per Month Cost per Car Washed $0.70 50.09 $0.20 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,200 sok $4,400 $8.500 $1,900 $1,700 $0.02 ances For example, electricity costs are $1,200 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.30 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,300 $53,760 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 6,240 1,908 1,880 7,220 8,500 2,100 29,612 $ 24,148

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