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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash...

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Accounting

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 companys costs:

Fixed Cost per Month Cost per Car Washed
Cleaning supplies $ 0.50
Electricity $ 1,500 $ 0.05
Maintenance $ 0.25
Wages and salaries $ 4,200 $ 0.20
Depreciation $ 8,100
Rent $ 2,100
Administrative expenses $ 1,300 $ 0.02

For example, electricity costs are $1,500 per month plus $0.05 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.20 per car washed.

Required:

Prepare the companys planning budget for August.

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