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 company's costs: Fixed Cost per Cost per Car Month Washed Cleaning supplies $ 0.60 $ Electricity 1,100 $ 0.09 Maintenance $ 0.20 Wages and salaries $ $ 0.20 4,300 $ Depreciation 8,100 $ Rent 2,000 Administrative $ expenses 1,300 $ 0.02 For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.10 per car washed. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses: Depreciation Cleaning supplies Electricity Maintenance Wages and salaries Rent Administrative expenses Total expense 0 Net operating income $ 0