Exercise 9-9 (Algo) 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 estimates concerning the company's costs: Pixed cost per Month Cost per Car Washed $0.40 $ 0.10 $ 0.20 $0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,200 $ 4,000 $ 8,300 $1,800 $1,700 $ 0.04 For example, electricity costs should be $1,200 per month plus $0.10 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.10 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries YAVU Administrative expenses $1,700 $ 0.04 For example, electricity costs should be $1,200 per month plus $0.10 per car washed. The company expects to wash 8,100 ca August and to collect an average of $6.10 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salarios Depreciation Rent Administrative expenses Total expense Net operating income 0 $ 0