Exercise 9-11 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 data concerning the company's costs: Fixed Cost per Car Washed Cost per Month $ 0.80 Cleaning supplies Electricity $0.07 $ 0.15 $1,500 Maintenance Wages and salaries Depreciation $4,700 $8,400 $1,800 $1,600 $0.40 Rent Administrative expenses $ 0.03 For example, electricity costs are $1,500 per month plus $0.07 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 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income