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Flexible Budget Lavage Rapide is a Canadian company that owns and operates a large automatic...

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Accounting

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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 Cost per Car per Month Washed Cleaning supplies. $0.80 Electricity $1,200 Maintenance $0.20 Wages and salaries $5,000 $0.30 Depreciation.. $6,000 Rent...... $8,000 Administrative expenses. $4,000 $0.10 $0.15 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: Prepare the company's planning budget for August Flexible Budget Refer to the data for Lavage Rapide in Exercise 10-10. The company actually washed 8,800 cars in August Required: Prepare the company's flexible budget for August

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