5 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: 10 points eBook Print References Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost Cost per per Month Car Washed $ 0.60 $ 1,400 $ 0.09 $ 0.30 $ 4,500 $ 0.40 $ 8,400 $ 1,900 $ 1,600 $ 0.05 For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.40 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Mc Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 8,500 $ 55,860 5,540 2,126 2,760 8,220 8,400 2,100 1,920 31,066 $ 24,794