Question
Exercise 8-8 Flexible Budget [LO8-1] Lavage Rapide is a Canadian company that owns and operates a...
Exercise 8-8 Flexible Budget [LO8-1]
|
Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company’s costs: |
|
Fixed Cost per Month |
Cost per Car Washed |
||||
| Cleaning supplies | $ | 0.80 | |||
| Electricity | $ | 1,200 | $ | 0.15 | |
| Maintenance | $ | 0.20 | |||
| Wages and salaries | $ | 5,000 | $ | 0.30 | |
| Depreciation | $ | 6,000 | |||
| Rent | $ | 8,000 | |||
| Administrative expenses | $ | 4,000 | $ | 0.10 | |
|
For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company actually washed 8,800 cars in August and expects to collect an average of $4.90 per car washed. |
| Required: |
|
Complete the company’s flexible budget for August. |
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