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 Cost per Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses For example, electricity costs should be $1,000 per month plus $0.05 per car washed. The company expects to wash 8,300 cars in August and to collect an average of 56.50 per car washed Required: Prepare the company's planning budget for August per Month Car Washed $ 0.60 5 1,000 $ 0.05 5 0.20 $4,400 $ 0.20 $ 3,500 $1,900 $ 1,700 5 0.01 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