Exercise 9-9 (Algo) Planning Budget [LO9-1] Lavage Rapide owns and operates a large automatic car wash facility near Montreat The following table provides estiriates conceming the company's costs: For example, electricity costs should be $1,00 per month plus $0.09 per car washed. The compary expects to wash a,000 cars in Augitht and to collect an awerage of $630 per car washed. Pequired: Prepare the companys planning budget for August. For example, electricity costs should be $1,100 per month plus $0.09 per car woshed. The company expects to wash 8,000 cars in August and to collect an average of $6.30 per car washed. Required: Prepare the company's planning budget for August