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Exercise 9-9 (Algo) Planning Budget (L09-1) Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The

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Exercise 9-9 (Algo) Planning Budget (L09-1) Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost per cost per Car Washed Month cleaning supplies $ 0.70 Electricity $ 1,200 $ 0.00 Maintenance $ 0.15 Wages and salaries $ 4,100 $ 0.40 Depreciation $ 8,400 $ 2,100 Administrative expenses $ 1.600 $ 0.03 For example, electricity costs should be $1.200 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.00 per car washed. Required: Prepare the company's planning budget for August Rent Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expenso Starting Inom

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