Lavado Rapido is a Mexican company that owns and operates a large automatic car wash facility near Mexico City. The following table provides data concerning the company's costs: Cost per Car Fixed Cost per Washed Month $1.10 $0.20 Cleaning supplies Electricity $ 1,500 $0.35 Maintenance 6,500 $0.80 Wages and salaries $ 6,000 Depreciation 9,500 Rent $0.20 $ 3,500 Administrative expenses The company actually washed10,000 cars in October and expected to collect an average of $5.50 per car washed. The company reported the following actual results. Actual Results 75,000 Revenue Cleaning Supplies 12,000 Electricity 3,000 4,500 Maintenance 16,500 Wages and salaries 6,000 Depreciation Rent 9,500 Administrative Expenses 7,800 Required: Prepare the company's flexible budget and variances for October [LO1]