HW-CH 09 Concept Overviews, Exercises... Saved Help Save & Exit Submit Check my work 16 0.27 points Exercise 9-9 (Algo) Planning Budget (LO9-1] 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 per Month Cost per Car Washed eBook Cleaning supplies $ 0.50 Electricity $ 1,500 $ 0.07 Maintenance $ 0.25 Wages and salaries $ 5,000 $ 0.30 Depreciation $ 8,000 Hint Rent $ 2,100 Administrative expenses $ 1,400 $ 0.02 Print References For example, electricity costs should be $1,500 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $5.90 per car washed. Required: Prepare the company's 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 $ 0