Exercise 9-10 (Algo) Flexible Budget [LO9-1] Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Fixed Cost per Month $ 1,300 $ 4,400 $ 8,400 $ 1,800 $ 1,500 Cost per Car Washed $ 0.50 $ 0.06 $ 0.25 $ 0.40 $ 0.03 For example, electricity costs should be $1,300 per month plus $0.06 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.50 per car washed.

Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,300 per month plus $0.06 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.50 per car washed. Required: Prepare the company's flexible budget for August