Exercise 9-11 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 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $0.60 $0.99 $0.20 $0.30 $4,700 $8,000 $2,100 $1,400 $0.03 For example, electricity costs are $1,200 per month plus $0.09 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.70 per car washed. For example, electricity costs are $1,200 per month plus $0.09 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.70 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