Q4

Please see attached

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost Cost per per Month Car Washed Cleaning supplies $ 0.60 Electricity 5 1,300 3 0.09 Maintenance $ 0.20 Wages and salaries $ 4,800 $ 0.20 Depreciation $ 8,400 Rent 5 2,200 Administrative expenses $ 1,800 $ 0.03 For example, electricity costs are $1,300 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.10 per car washed. Required: Prepare the company's planning budget for August. Revenue Administrative expenses Total expense Net operating income