Exercise 9-11 (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 data concerning the company's costs: Fixed Cost per Month Cost per Car Washed $1,200 $0.70 $0.06 $0.30 $0.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $4,700 $8,100 $2,100 $1,600 $0.04 For example, electricity costs are $1,200 per month plus $0.06 per car washed. The company actually washed 8,500 cars in August and collected an average of $5.90 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