Exercise 9-10 (Algo) Flexible Budget (LO9-1] Lavage Rapide is a Canadian company that owns and...
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Exercise 9-10 (Algo) Flexible Budget (LO9-1] 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: Pixed Cost per Month $1,400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.70 $ 0.09 $ 0.25 $0.30 $4,200 $8,400 $1,800 $1,400 $0.04 For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company actually washed 8,200 cars in August and collected an average 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 Ront Administrative expenses Total expense Not operating income
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