Please do not give solution in image format thanku Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tableprovides data concerning the company's costs:Cleaning suppliesElectricityMaintenanceWages and salariesDepreciationRentAdministrativeexpensesFixed Cost perMonth$ 1,100$ 4,500$ 8,400$ 2,100Cost per CarWashed$ 0.60$ 0.09$ 0.30$ 0.20$ 1,300$ 0.02For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expects to wash 8,100 cars in August andto collect an average of $6.00 per car washed.Required:Prepare the company's planning budget for August.

Planning budget is based on Budgeted level of activity volume. It includes revenues and costs based…

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 company's costs: Cleaning supplies Fixed Cost per Month Rent Administrative expenses $1,100 Cost per Car Washed $ 0.60 $ 0.09 $ 0.30 $0.20 Electricity Maintenance Wages and salaries $4,500 Depreciation $ 8,400 $2,100 $ 1,300 $ 0.02 For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.00 per car washed. Required: Prepare the company's planning budget for August.

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 company's costs: Cleaning supplies Fixed Cost per Month Rent Administrative expenses $1,100 Cost per Car Washed $ 0.60 $ 0.09 $ 0.30 $0.20 Electricity Maintenance Wages and salaries $4,500 Depreciation $ 8,400 $2,100 $ 1,300 $ 0.02 For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.00 per car washed. Required: Prepare the company's planning budget for August.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1E: Classify Costs Following is a list of various costs incurred in producing replacement automobile...

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Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility nearMontreal. The following table provides data concerning the company’s costs:Fixed Cost Cost per Carper Month WashedCleaning supplies ...................... $0.80Electricity .................................. $1,200 $0.15Maintenance ............................ $0.20Wages and salaries ................. $5,000 $0.30Depreciation .............................. $6,000Rent .......................................... $8,000Administrative expenses .......... $4,000 $0.10For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects towash 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.
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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 company’s costs: Fixed Costper Month Cost perCar Washed Cleaning supplies $ 0.50 Electricity $ 1,100 $ 0.06 Maintenance $ 0.25 Wages and salaries $ 4,700 $ 0.20 Depreciation $ 8,000 Rent $ 2,000 Administrative expenses $ 1,400 $ 0.03 For example, electricity costs are $1,100 per month plus $0.06 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.00 per car washed. Required: Prepare the company’s flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income
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