Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month Cost per Car Washed $ 0.60 $ 1,100 $ 0.09 $ 0.25 $ 4,200 $ 0.40 $ 8,500 $ 1,900 $ 1,800 $ 0.04 For example, electricity costs should be $1,100 per month plus $0.09 per car washed. The company actually washed 8,200 cars in August and collected an average of $6.60 per car washed. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 8,500 $ 52,500 5,540 Total expense 5,540 Net operating income $ 46,960