Exercise 9-8 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 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed 0.40 0.06 e.15 $ 0.30 $1,200 $4,300 $8,580 $2,1e0 $1,500 $0.01 For example, electricity costs are $1,200 per month plus $0.06 per car washed. The company actually washed 8,400 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