Exercise 9-10 (Algo) Flexible Budget (L09-1] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Pixed Cost per Month Cost per Car Washed 50.50 50.00 $0.15 50.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,100 $4,100 $8,300 $2,200 $1,300 $0.04 For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The company actually washed 8,500 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 Ravenue Expenses Cleaning supplies Udgets & Performance Analysis Saved $ 0.20 Wages and salaries Depreciation Rent Administrative expenses $4,100 $8,300 $2,200 $1,300 $0.04 For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The company actually washed 8,500 carsi 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 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salarios Depreciation Rent Administrative expenses Total expense Not operating income