FILL OUT EACH SECTION. INCLUDING CLEANING SUPPLIES, ELECTRICITY, ETC. NOT JUST THE TOTALS.

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.60
Electricity	$ 1,300	$ 0.06
Maintenance		$ 0.10
Wages and salaries	$ 4,200	$ 0.30
Depreciation	$ 8,000
Rent	$ 1,900
Administrative expenses	$ 1,600	$ 0.04

For example, electricity costs are $1,300 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.20 per car washed.

Required:

Prepare the companys planning budget for August.

Lavage Rapide
Planning Budget
For the Month Ended August 31
Revenue
Expenses:
Cleaning supplies
Electricity
Maintenance
Wages and salaries
Depreciation
Rent
Administrative expenses
Total expense
Net operating income