Exercise 9-10 (Algo) Flexible Budget [LO9-1] 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: Fixed Cost per Month Cost per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.40 $1,400 $ 4,200 $ 8,200 $0.06 $0.10 $ 0.301 $ 1,900 $ 1,400 $ 0.01 For example, electricity costs should be $1,400 per month plus $0.06 per car washed. The company actually washed 8,200 cars in August and collected an average of $6.50 per car washed. Required: Prepare the company's flexible budget for August. 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 0 0