Exercise 9-8 (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 companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.70
Electricity	$ 1,100	$ 0.08
Maintenance		$ 0.20
Wages and salaries	$ 4,800	$ 0.40
Depreciation	$ 8,400
Rent	$ 2,100
Administrative expenses	$ 1,300	$ 0.03

For example, electricity costs are $1,100 per month plus $0.08 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 companys flexible budget for August.