Fixed Cost Cost per per Month $1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed $ 0.80 $ 0.07 $ 0.15 $0.30 $4,000 $8,500 52,200 $1,300 $ 0.03 For example electricity costs should be $1.200 per month plus $0.07 per car washed. The company actually washed 8.300 cars in August and collected an average of $5.90 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