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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

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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 company's costs: Fixed Cost per Cost per Month Car Washed Cleaning supplies $ 0.70 Electricity $ 1,200 $ 0.06 Maintenance $0.30 Mages and salaries 5 4.000 $0.30 Depreciation $ 8,200 rent $ 1.900 Administrative expenses $ 1.500 5.0.03 For example, electricity costs should be $1,200 per month plus $0.06 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.40 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

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