"EXERCISE 1010 Flexible Budget [LO 101]Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the companys costs:Fixed Cost per Month $36,800 $1,400$16,700$12,700Cost per Machine-Hour $4 .25 $0 .30$0 .05 Cleaning supplies . . . . . . . . . . . . . . . . . . . . . .Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . .Wages and salaries . . . . . . . . . . . . . . . . . . . .Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . .Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Administrative expenses . . . . . . . . . . . . . . . .expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed.Required:Prepare the companys planning budget for August."