Exercise 9-10 (Algo) Flexible Budget (L09-1] Month Maintenance 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: Fixed Cost per Cost per Car Washed Cleaning Supplies 50.70 Electricity $ 1.200 $ 0.07 $ 0.15 Wages and salarles 54,100 $ 0.40 Depreciation 5 8,400 Rent $ 1,800 Administrative expenses $ 1,700 $ 0.00 For example, electricity costs should be $1,200 per month plus $0.07 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.30 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 salaries Depreciation Rent Administrative expenses Total expense Net operating income