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 per Month Car Washed Cleaning supplies $ 0.60 Electricity 51,100 $ 0.00 Maintenance $ 0.25 Wages and salaries 54,800 $0.10 Depreciation $8,200 Rent $ 2,100 Administrative expenses $1,500 $ 0.05 For example, electricity costs should be $1100 per month plus 50.09 per car washed. The company expects to wash 8.200 cors in August and to collect an average of $6.50 per car washed. Required: Prepare the company's planning budget for August Lavage Rapide Planning Budget For the Month Ended August 31 For example, electricity costs should be $1,100 per month plus 50.09 per car washed. The company expects to wash 8, 200 cars in August and to collect an average of $6.50 per car washed. Required: Prepare the company's planning budget for August Answer is complete but not entirely correct. Lavage Rapide Planning Budget For the Month Ended August 31 Actual cars washed 8,800 $ 43,080 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense 7,560 2,670 2.260 8.500 6.000 8.000 $ 4.550 39.940