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: Cleaning supplies Electricity Maintenance Wages and salaries. Depreciation Rent Administrative expenses Fixed Cost per Month Cost per Car Washed $ 0.60 $ 1,300 $ 0.08 $ 0.25 $ 4,400 $ 0.20 $ 8,300 $ 1,900 $ 1,700 $ 0.05 For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company actually washed 8,400 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: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income