Chapter 9, Problem 7E

Planning Budget
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 company’s costs:

For example, electricity costs are $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:
Using Exhibit 9−2 as your guide, prepare the company’s planning budget for August.