Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following...
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Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the companys costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ Electricity $ $ Maintenance $ Wages and salaries $ $ Depreciation $ Rent $ Administrative expenses $ $ For example, electricity costs should be $ per month plus $ per car washed. The company expects to wash cars in August and to collect an average of $ per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August Actual cars washed Revenue $ Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expenses Net operating income $ Required: Prepare a flexible budget performance report for August.
Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the companys costs:
Fixed Cost per Month Cost per Car Washed
Cleaning supplies $
Electricity $ $
Maintenance $
Wages and salaries $ $
Depreciation $
Rent $
Administrative expenses $ $
For example, electricity costs should be $ per month plus $ per car washed. The company expects to wash cars in August and to collect an average of $ per car washed.
The actual operating results for August are as follows:
Lavage Rapide
Income Statement
For the Month Ended August
Actual cars washed
Revenue $
Expenses:
Cleaning supplies
Electricity
Maintenance
Wages and salaries
Depreciation
Rent
Administrative expenses
Total expenses
Net operating income $
Required:
Prepare a flexible budget performance report for August.
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