Exercise 8-8 Flexible Budget [LO8-1]

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Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility Montreal. The following table provides data concerning the company's costs: 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