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Miracle Car Wash located in Nashville, Tennessee has been providing interior and exterior car washes since 1960. Provided below is information regarding Miracle's costs: Fixed

Miracle Car Wash located in Nashville, Tennessee has been providing interior and exterior car washes since 1960. Provided below is information regarding Miracle's costs:

Fixed Cost per Month Cost per Car Washed
Cleaning supplies $ 0.60
Electricity $ 1,300 $ 0.06
Maintenance $ 0.20
Wages and salaries $ 4,800 $ 0.40
Depreciation $ 8,400
Rent $ 2,200
Administrative expenses $ 1,800 $ 0.02

For example, electricity costs are $1,300 per month plus $0.06 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.30 per car washed.

Required:

Prepare the companys planning budget for August.

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