Answer Happy

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: Fixed Cost per Month Cost per Car Washed $ 0.50 Cleaning supplies Electricity Maintenance $ 1,300 $ 0.08 $ 0.20 Wages and salaries. $ 4,100 $ 0.20 Depreciation Rent $ 8,100 $ 2,200 $1,600 Administrative expenses $ 0.03 For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.00 per car washed. Required: Prepare the company's planning budget for August.
Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Budgeted cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 69 $ 0 0