Solution-Prepare the company planning budget for october

Prepare the company planning budget for october

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Reference no: EM132598812

Auto Lavage is a Canadian company that owns and operates a large automatic car wash facility near 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: EM132598812

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Prepare the company planning budget for october

Reference no: EM132598812

Reference no: EM132598812

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