Your response Correct response

Question 19: Score 0/4

	Your response Correct response Exercise 10-8 Flexible Budget [LO1] 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 expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed. Required: Prepare the company's planning budget for August. (Input all amounts as positive values. Omit the "$" sign in your response.) Lavage Rapide Planning Budget For the Month Ended August 31 Revenue $   1   (0%) Expenses:     Cleaning supplies     1   (0%) Electricity     1   (0%) Maintenance     1   (0%) Wages and salaries     1   (0%) Depreciation     1   (0%) Rent     1   (0%) Administrative expenses     1   (0%) Total expense     1   (0%) Net operating income $   1   (0%) Exercise 10-8 Flexible Budget [LO1] 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 expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed. Required: Prepare the company's planning budget for August. (Input all amounts as positive values. Omit the "$" sign in your response.) Lavage Rapide Planning Budget For the Month Ended August 31 Revenue $ 44,100 Expenses:     Cleaning supplies   7,200 Electricity   2,550 Maintenance   1,800 Wages and salaries   7,700 Depreciation   6,000 Rent   8,000 Administrative expenses   4,900 Total expense   38,150 Net operating income $ 5,950 Total grade: 0.0×1/10 + 0.0×1/10 + 0.0×1/10 + 0.0×1/10 + 0.0×1/10 + 0.0×1/10 + 0.0×1/10 + 0.0×1/10 + 0.0×1/10 + 0.0×1/10 = 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0% + 0%
Feedback:
	Revenue ($4.90 × 9,000) = $44,100 Cleaning supplies ($0.80 × 9,000) = $7,200 Electricity ($1,200 + ($0.15 × 9,000)) = $2,550 Maintenance ($0.20 × 9,000) = $1,800 Wages and salaries ($5,000 + ($0.30 × 9,000)) = $7,700 Administrative expenses ($4,000 + ($0.10 × 9,000)) = $4,900

Question 20: Score 0/4

Your response Correct response Exercise 10-9 Flexible Budget [LO1] 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 to collect an average of $4.90 per car washed. Required: Prepare the company's flexible budget for August. (Input all amounts as positive values. Omit the "$" sign in your response.) Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue $   1   (0%) Expenses:     Cleaning supplies     1   (0%) Electricity     1   (0%) Maintenance     1   (0%) Wages and salaries     1   (0%) Depreciation     1   (0%) Rent     1   (0%) Administrative expenses     1   (0%) Total expense     1   (0%) Net operating income $   1   (0%) Exercise 10-9 Flexible Budget [LO1] 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 to collect an average of $4.90 per car washed.