Fixed Cost per Month $ 1,400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.50 $ 0.05 $ 0.30 $ 0.20 $ 4,300 $ 8,200 $ 1,900 $ 1,500 $ 0.04 For example, electricity costs are $1,400 per month plus $0.05 per car washed. The company actually washed 8,200 cars in August and collected an average of $6.40 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