3 Exercise 9-10 (Algo) Flexible Budget [LO9-1] 2 points 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: eBook Fixed Cost per Month Cost per Car Washed Hint Cleaning supplies $ 0.70 Electricity $ 1,000 $ 0.08 Print Maintenance $ 0.15 Wages and salaries $ 4,600 $ 0.30 References Depreciation $ 8,400 Rent $ 2,100 $ 1,300 $ 0.04 Administrative expenses For example, electricity costs should be $1,000 per month plus $0.08 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.40 per car washed. Required: Prepare the company's flexible budget for August. 2 3 points eBook Hint For example, electricity costs should be $1,000 per month plus $0.08 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.40 per car washed. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Print Revenue References Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income