EXERCISE 9-7 Planning Budget LO9-10 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 per Month Car Washed Cleaning supplies $0.80 Electricity $ 1,200 $ 0.15 Maintenance $0.20 Wages and salaries $5,000 $0.30 Depreciation $6,000 Rent $8,000 Administrative expenses $4,000 $ 0.10 For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars Pa in August and to collect an average of $4.90 per car washed. Required: Using Exhibit 9-2 4 as your guide, prepare the company's planning budget for August