Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concerning the company€™s costs:

For example, electricity costs are $1,400 per month plus $0.10 per car washed. The company expects to wash 8,000 cars in October and to collect an average of $5.90 per car washed.

Required:
Prepare the company€™s planning budget forOctober.

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Fixed Cost per Month Cost per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses. .. $0.70 $0.10 $0.30 $0.40 $1,400 $4,700 $8,300 $2,100 $1,800 $0.05