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 For example, electricity costs should be $1,100 per month plus $0.06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.60 per car washed. Revenue Expenses: Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Fixed Cost per Month $ 1,100 $ 5,000 $ 8,400 $ 1,900 $ 1,600 Administrative expenses Total expenses Net operating income $ Cost per Car Washed $ 0.60 $ 0.06 $0.20 $ 0.30 $ 0.03 0 0

Lavage Rapide owns and operates a large automatic car wash facility near Montreal The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,100 per month plus $0,06 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.60 per car washed Required: Prepare the company's planning budget for August