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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 companys costs:

Fixed Cost per Month Cost per Car Washed

Cleaning supplies $ 0.40

Electricity $ 1,100 $ 0.07

Maintenance $ 0.10

Wages and salaries $ 4,300 $ 0.40

Depreciation $ 8,300

Rent $ 2,000

Administrative expenses $ 1,700 $ 0.04

For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $5.90 per car washed.

Required: Prepare the companys planning budget for August.

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