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The following table provides estimates concering the company's costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation

The following table provides estimates concering the company's costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.60 $1,400 $ 0.09 $ 0.15 $ 4,600 $ 0.20 $ 8,500 $ 1,900 $ 1,800 $ 0.03 I For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.50 per car washed. Required: Prepare the company's planning budget for August. (PICK ONE) Actual Cars Washed OR Budgeted Cars Washed: Revenue: Expenses Cleaning Supplies: Electricity: Maintenance: Wages and Salaries: Depreciation: Rent: Administrative Expenses: Total Expense Net Operating Income

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