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Exercise 9-7 (Algo) Planning Budget [LO9-1] Lavage Rapide is a Canadian company that owns and...

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Exercise 9-7 (Algo) Planning Budget [LO9-1] 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: For example, electricity costs are $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 $6.70 per car washed. Required: Prepare the company's planning budget for August

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