Fixed Cost per Month Cost per Car Washed $0.50 $0.08 $ 0.20 $0.40 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses s 1,300 4,200 8,800 s 2,000 $1,300 $e.01 For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.10 per car washed Required Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Actual cars washed 8,600 Revenue $ 52,460 Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses 4,300 688 1,720 3,440 8,000 2,000 86 20,234 $ 32.226 Total expense Net operating income