Exercise 9-11 Flexible Budget [LO9-1 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash focility near Montreal.The following table provides data concerning the company's costs: Pixed Cost Cost per per MonthCar wa Cleaning supplies Electricity 0.40 $ 0.07 $0.20 $ 0.30 $1,300 Wages and salaries Depreciation Rent Administrative expenses $4,400 $8,100 $2,000 $1,600 s 0.02 For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company actually washed 8.300 cars in August and collected an average of $6.50 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