Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Cost per Car Washed Month $ 0.80 $ 1,100 5 0.06 $ 0.25 $ 4,900 $ 0.40 $ 8,200 $ 1,800 $1,400 $ 0.02 For example, electricity costs should be $1,100 per month plus $0.06 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.10 per car washed. Required: Prepare the company's planning budget for August. 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