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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.

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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 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month $ 0.60 $1,400 $ 0.05 $ 0.10 $ 4,200 $ 0.40 $ 8,300 $ 2,200 $ 1,300 $ 0.04 For example, electricity costs should be $1,400 per month plus $0.05 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $5.90 per car washed

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