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 companys costs

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.60
Electricity	$ 1,300	$ 0.08
Maintenance		$ 0.15
Wages and salaries	$ 4,600	$ 0.30
Depreciation	$ 8,100
Rent	$ 1,900
Administrative expenses	$ 1,300	$ 0.03

For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 per car washed.

Required:

Prepare the companys planning budget for August.

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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 estimates concerning the companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.60
Electricity	$ 1,300	$ 0.08
Maintenance		$ 0.15
Wages and salaries	$ 4,600	$ 0.30
Depreciation	$ 8,100
Rent	$ 1,900
Administrative expenses	$ 1,300	$ 0.03

For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 per car washed.

Required:

Prepare the companys planning budget for August.

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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 estimates concerning the companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.60
Electricity	$ 1,300	$ 0.08
Maintenance		$ 0.15
Wages and salaries	$ 4,600	$ 0.30
Depreciation	$ 8,100
Rent	$ 1,900
Administrative expenses	$ 1,300	$ 0.03

For example, electricity costs should be $1,300 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 per car washed.

Required:

Prepare the companys planning budget for August.