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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

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Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the companys costs:
Fixed Cost per Month Cost per Car Washed
Cleaning supplies $ 0.60
Electricity $ 1,100 $ 0.05
Maintenance $ 0.15
Wages and salaries $ 4,300 $ 0.40
Depreciation $ 8,000
Rent $ 2,200
Administrative expenses $ 1,400 $ 0.04
For example, electricity costs should be $1,100 per month plus $0.05 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.20 per car washed.
Required:
Prepare the companys planning budget for August.For example, electricity costs should be $1,100 per month plus $0.05 per car washed. The company expects to wash 8,400 cars in
August and to collect an average of $6.20 per car washed.
Required:
Prepare the company's planning budget for August.
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