Chec! Exercise 9-7 (Algo) Planning Budget [LO9-1) Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs. Fixed Cost Cost per Car per Month Washed Cleaning supplies $ 0.40 Electricity $1,300 $ 0.00 Maintenance $ 0.20 Wages and salaries 54,800 10.40 Depreciation $ 8,200 Rent $1,000 Administrative expenses 11.500 $ 0.02 D For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 per car washed, 4 For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.50 per car washed 5 oints Required: Prepare the company's planning budget for August Mint Lavage Rapide Planning Budget For the Month Ended August 31 References Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Not operating income 5