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

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Exercise 9-9 (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 estimates concerning the company's costs Fixed Cost per Month $1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses cost per Car Washed $0.60 $ 0.05 $0.30 $0.30 $ 4,500 $8,400 $1,800 $1,700 $0.02 For example, electricity costs should be $1,200 per month plus $0.05 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.60 per car washed Required: Prepare the company's planning budget for August Lavage Rapide Planning Budget For the Month Ended August 31 For example, electricity costs should be $1,200 per month plus $0.05 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.60 per car washed Required: Prepare the company's planning budget for August Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 0 0 $

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