4 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: 4 points Fixed Cont per Month $1,500 $4,600 58,300 $2,000 $1,800 Cleaning supplies Electricity Maintenance Wages and salarie Depreciation Rent Adninistrative expenses Cost per Car Washed 50.60 $0.06 60.15 $ 0.40 BO $0.04 For example, electricity costs should be $1,500 per month plus $0.06 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.80 per car washed. Required: Prepare the company's planning budget for August. Luvage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses Clearing supplies Administrative expenses 4 $0.04 $1,800 For example, electricity costs should be $1,500 per month plus $0.06 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.80 per car washed. Required: Prepare the company's planning budget for August points Book Hint Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income