Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the companys costs:

Fixed Cost per Month

Cost per Car Washed

Cleaning supplies

$

0.60

Electricity

$

1,500

$

0.08

Maintenance

$

0.25

Wages and salaries

$

4,900

$

0.20

Depreciation

$

8,100

Rent

$

2,000

Administrative expenses

$

1,500

$

0.05

For example, electricity costs are $1,500 per month plus $0.08 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.70 per car washed.

Required:

Complete the companys planning budget for August.

Lavage Rapide
Planning Budget
For the Month Ended August 31
Revenue
Expenses:
Cleaning supplies
Electricity
Maintenance
Wages and salaries
Depreciation
Rent
Administrative expenses
Total expense	0
Net operating income	$0