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: Cost per Car Washed Fixed Cost per Month Cleaning supplies $ 0.40 Electricity $ 1,200 $ 0.07 Maintenance $ 0.10 Wages and salaries $ 4,800 $ 0.30 $ 8,500 $ 1,900 $ 1,700 $ 0.04 Depreciation Rent Administrative expenses For example, electricity costs should be $1,200 per month plus $0.07 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.