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How do prepare the company planning budget for october

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Reference no: EM132598861

Auto Lavage is a Canadian company that owns and operates a large automatic carwash facilitynear Quebec. The following table provides data concerning the company's costs:

                                                       Fixed Cost per Month                          Cost per Car Washed
Cleaning supplies . . . . . . . . . . . . .                                                $0.70
Electricity . . . . . . . . . . . . . . . . . . . . $1,400                                    $0.10
Maintenance . . . . . . . . . . . . . . . . . $0.30
Wages and salaries . . . . . . . . . . . . $4,700                                         $0.40
Depreciation . . . . . . . . . . . . . . . . . $8,300
Rent . . . . . . . . . . . . . . . . . . . . . . . . .$2,100
Administrative expenses. . . . . . . . $1,800                                                $0.05

For example, electricity costs are $1,400 per month plus $0.10 per car washed. The company expects to wash 8,000 cars in October and to collect an average of $5.90 per car washed.

Required:

Question 1: Prepare the company's planning budget for October.

Reference no: EM132598861

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