Exercise $9-9($Algo$)$ Planning Budget $[$LO$9-1]$

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:

$$Fixed Cost per MonthCost per Car WashedCleaning supplies$$$ $0\mathrm{.}60$Electricity$ $1,200$$ $0\mathrm{.}06$Maintenance$$$ $0\mathrm{.}20$Wages and salaries$ $4,400$$ $0\mathrm{.}40$Depreciation$ $8,100$Rent$ $2,000$Administrative expenses$ $1,800$$ $0\mathrm{.}04$

For example, electricity costs should be $$1,200$ per month plus $$0\mathrm{.}06$ per car washed. The company expects to wash $8,100$ cars in August and to collect an average of $$6\mathrm{.}80$ per car washed.

Required:

Prepare the company$$s planning budget for August.

Exercise $9-9($Algo$)$ Planning Budget $[$LO$9-1]$

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:

For example, electricity costs should be $\backslash (\backslash$$ $1,200\backslash )$ per month plus $\backslash (\backslash$$ $0\mathrm{.}06\backslash )$ per car washed. The company expects to wash $8,100$ cars in August and to collect an average of $\backslash (\backslash$$ $6\mathrm{.}80\backslash )$ per car washed.

Required:

Prepare the company's planning budget for August.