Fixed Cost per Month $ 1,500 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.50 $ 0.07 $ 0.20 $ 0.20 $ 4,000 $ 8,400 $ 2,000 $ 1,800 $ 0.02 For example, electricity costs are $1,500 per month plus $0.07 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.80 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