2 Exercise 9-9 (Algo) Planning Budget [LO9-1] 2 points Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: eBook Cleaning supplies Hint Electricity Maintenance Print Wages and salaries Depreciation References Rent Administrative expenses Fixed Cost per Month Cost per Car Washed $ 0.50 $ 1,200 $ 0.08 $ 0.15 $ 4,600 $ 0.40 $ 8,000 $ 2,000 $ 1,400 $ 0.04 For example, electricity costs should be $1,200 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.90 per car washed. Required: Prepare the company's planning budget for August. 2 2 points eBook Hint For example, electricity costs should be $1,200 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.90 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Print Revenue References Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income