Exercise 8-8 Flexible Budget [LO8-1] Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company's costs: Cost per Fixed Cost per Month $ 1.200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed $ 0.80 $ 0.15 $ 0.20 $ 0.30 $ 5,000 $ 6,000 $ 8,000 $ 4,000 $ 0.10 For example, electricity costs are $1.200 per month plus $0.15 per car washed. The company actually washed 8,800 cars in August and expects to collect an average of $4.90 per car washed. Required: Complete the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 0 Administrative expenses Total expense Net operating income 0