Question

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concering the company's costs Fored Cost per Month Cleaning soos Electricity Wiages Cost per Car Washed $ 0.40 $ 0.05 $025 $ 0.00 d $ $ $ $ es 300 4,100 8.200 2.000 A ccess For example, lectricity costs are $1.300 per month plus $0.05 per car washed. The company expected to wash 8 300 cars in August and to collect an average of 56 80 per car washed The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed Revenue R400 58 540 Expenses Cleaning supplies Ency Maintenance Waganda Decor Net operating income

Answer 1

Revenue	1420 F
Expense
Cleaning supplies	460 U
Electricity	35 F
Maintenance	215 U
Wages and salaries	320 U
Depreciation	0 None
Rent	200 U
Administrative expense	102 F
Total expense	1058 U
Net operating income	362 F