Exercise 9-10 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 per Nonth Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.70 $0.10 $ 0.25 $0.40 $1,200 $4,400 8,400 $2,000 1,500 0.03 For example, electricity costs are $1,200 per month plus $0.10 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.80 per car washed. Required Prepare the company's planning budget for August