Fixed Cost per Month $ 1,100 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.50 $ 0.07 $ 0.25 $ 0.30 $ 4,200 $ 8,000 $ 1,900 $ 1,700 $ 0.04 For example, electricity costs are $1,100 per month plus $0.07 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