Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lavage rapide is a canadian company that owns and

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash...

60.1K

Verified Solution

Question

Accounting

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 companys costs:

Fixed Cost per Month Cost per Car Washed
Cleaning supplies $ 0.60
Electricity $ 1,200 $ 0.06
Maintenance $ 0.25
Wages and salaries $ 4,100 $ 0.20
Depreciation $ 8,400
Rent $ 1,800
Administrative expenses $ 1,600 $ 0.02

For example, electricity costs are $1,200 per month plus $0.06 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.50 per car washed.

Required:

Prepare the companys flexible budget for August.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Which of the following sets are closed under addition? (i) The set of all vectors in...

Accounting
1.2K views

On August 27, 2015, Celgene Corporation acquired all of the outstanding stock of Receptos, Inc., in...

Biology
1.2K views

The idea and image of the modern high school teenager that is still aroundtoday emerged...

Biology
1.2K views

What is the relationship between standardization and the growth of the telecommunications industry The growth...

Basic Math
1.2K views

Solve the system of equations. If the system has no solution, say that it is...

Basic Math
1.2K views

A plane rises from take-off and flies at an angle of 15 with the horizontal...

Statistics
1.2K views

7 Timone and Pumba each invest 200 in a savings account Timone gains 4 13...

Algebra
1.2K views

Suppose the line y mx 3 passes through the point 3 12 The slope of...

Accounting
1.2K views

31. The thaiket rate is tex and the bonts ore sold...

Accounting
1.2K views

managriel accounti Home Insert Draw Page LayoutFormulas Data ReviewView l" Copy Format BIU Paste E107...

Accounting
1.2K views

1. Luebke Inc. has provided the following data for the month of November. The balance...

Finance
1.2K views

Company: Wells Fargo Read and analyze the "Management Discussions and Analysis of Financial Condition and...