EXERCISE 9-9 Planning Budget L09-1 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: Cleaning supplies Electricity.... Maintenance Wages and salaries Depreciation Rent.... Administrative expenses Fixed Cost Cost per per Month Car Washed $0.80 $1,200 $0.15 $0.20 $5,000 $0.30 $6,000 $8,000 $4.000 $0.10 For example, electricity costs should be $1.200 per month plus $0.15 per car washed. The company expects to wash 9.000 cars in August and to collect an average of $4.90 per car washed. Required: Using Exhibit 9-2 as your guide, prepare the company's planning budget for August. EXERCISE 9-10 Flexible Budget LO9-1 Refer to the data for Lavage Rapide in Exercise 9-9. The company actually washed 8,800) cars in August. Required: Using Exhibit 9-5 us your guide, prepare the company's flexible budget for August