Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Revenue Expenses: Fixed Cost per Month Lavage Rapide Planning Budget For the Month Ended August 31 Cleaning supplies Electricity Maintenance $ 1,300 $5,000 $ 8,100 $ 2,200 $ 1,300 Wages and salaries Depreciation Rent For example, electricity costs should be $1,300 per month plus $0.09 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.20 per car washed. Administrative expenses Total expenses Net operating income Cost per Car Washed Required: Prepare the company's planning budget for August. $ 0.60 $ 0.09 $ 0.15 $ 0.40 $ 0.04

Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.60 Electricity $ 1,300 $ 0.09 Maintenance $ 0.15 Wages and salaries $ 5,000 $ 0.40 Depreciation $ 8,100. Rent $ 2,200 Administrative expenses $ 1,300 $ 0.04 For example, electricity costs should be $1,300 per month plus $0.09 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.20 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 Rent Administrative expenses Total expenses Net operating income