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...

80.2K

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 $ 0.50
Electricity $ 1,200 $ 0.10
Maintenance $ 0.30
Wages and salaries $ 4,900 $ 0.20
Depreciation $ 8,300
Rent $ 2,000
Administrative expenses $ 1,700 $ 0.03
For example, electricity costs are $1,200 per month plus $0.10 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.60 per car washed.
Required:
Prepare the companys planning 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

Chemistry
1.2K views

Define the terms binding energy, stellar nuclesynthesis and mass defect. Why do lighter elements favor fusion...

Chemistry
1.2K views

Complete the following table by calculating the missing entries. In each case indicate whether the solution...

Advance Math
1.2K views

Calculate the half of the ratio of perimeter of regular apeirogon to the distance of the...

Accounting
1.2K views

It is spring of 2020, you have not been able to find work As a clever...

Biology
1.2K views

To protect their cells from freezing temperatures conifer trees grow thick bark and small needle...

Physics
1.2K views

14 a How long after the beginning of motion is the displacement of a harmonically...

Basic Math
1.2K views

A study of the amount of time it takes a mechanic to rebuild the transmission...

Algebra
1.2K views

32 2 2 3 32 2 32 2 x 3 32 4 44 3 3...

Accounting
1.2K views

SWEET TREATS PRACTICE SET Madison Carter spent much of her childhood learning...

Accounting
1.2K views

answer yellow shaded boxes SM2594 [Compatibility ILE...

Accounting
1.2K views

Transactions; Financial Statements On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed...

Accounting
1.2K views

a man has a simple discount note for $6300, at ordinary bank discount rate of...