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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

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 company's costs:

Fixed Cost

per Month

Cost per

Car Washed

Cleaning supplies

$

0.40

Electricity

$

1,100

$

0.06

Maintenance

$

0.15

Wages and salaries

$

4,300

$

0.30

Depreciation

$

8,100

Rent

$

1,900

Administrative expenses

$

1,600

$

0.02

For example, electricity costs are $1,100 per month plus $0.06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.80 per car washed.

Required:

Prepare the company's planning budget for August.

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