Exercise 9-9 (Algo) Planning Budget [LO9-1]

Lavage Rapide is a Canadlan company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,300 per month plus $0.07 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.40 per car washed. Required: Prepare the company's planning budget for August