Fixed Cost per Month Cost per Car Washed $1,400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.70 $ 0.06 $ 0.30 $ 0.30 $4,400 $8,400 $2,200 $1,400 $ 0.04 For example, electricity costs are $1,400 per month plus $0.06 per car washed. The company actually washed 8,400 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 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense 0 Net operating income