ACC 2220: Managerial Acconting Flexible Budget Exercises EXERCSE.-7 Flexible Budget rLO8- Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal The following table provides dats concerning the compary's costs lxed Cost Cost per per Month Car Washed Electricity Maintonance Wages and salaries.... $0.80 sO.15 $o 20 $0.30 $1,200 $5,000 $6,000 $8,000 $4,000 Rent So.10 For example, electricity costs are $1,200 per month plus $O.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 EXERCISE 8-8 Flexible Budget [LO8-I Refer to the data for Lavage Rapide in Exercise 8-7. The company actually washed 8,800 cars in August Required Prepare the company's flexible budget for August EXERCISE 8-9 Prepare a Report Showing Revenue and Spending Variances [Lo8-2] Refer to the data for Lavage Rapide in Exercise 8-7. The actual operating results for August appear below