EXERCISE 9-9 Planning Budget QL09-1 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: Fixed Cost Cost per per Month Car Washed Cleaning supplies $0.80 Electricity $1,200 $0.15 Maintenance $0.20 Wages and salaries $5,000 $0.30 Depreciation $6,000 Rent $8,000 Administrative expenses $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 L09-1 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 as your guide, prepare the company's flexible budget for August