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:

For example, electricity costs should be $1,500 per month plus $0.07 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.20 per car washed.

Required:

Prepare the companys planning budget for August.

CleaningsuppliesElectricityMaintenanceWagesandsalariesDepreciationRentAdministrativeexpensesFixedCostperMonth$1,500$4,800$8,200$2,100$1,800CostperCarWashed$0.60$0.07$0.30$0.30$0.05 Lavage Rapide Planning Budget For the Month Ended August 31 \begin{tabular}{|l|l|} \hline Budgeted cars washed & \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Cleaning supplies & \\ \hline Electricity & \\ \hline Maintenance & \\ \hline Wages and salaries & \\ \hline Depreciation & \\ \hline Rent & \\ \hline Administrative expenses & \\ \hline Total expense & $ \\ \hline Net operating income & 0 \\ \hline \end{tabular}