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Exercise 9 - 7 ( Algo ) Planning Budget [ LO 9 - 1 ] Lavage Rapide is a Canadian company that owns and operates

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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:
For example, electricity costs are $1,400 per month plus $0.05 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.40 per car washed.
Required:
Prepare the company's planning budget for August.
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