Exercise 9-9 (Static) 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: Cost per Car Washed Fixed Cost per Month Cleaning supplies $0.80 Electricity $ 1,200 $ 0.15 Maintenance $ 0.20 Wages and salaries $ 5,000 $ 0.30 Depreciation $ 6,000 $ 8,000 Administrative expenses $ 4,000 $ 0.10 Rent For example, electricity costs should be $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 311 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance 8,800 $ 43,120 7,040 2,520 1,760