Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost per Month Cleaning supplies Electricity Maintenance Wages and salaries Cost per Car Washed $ 0.40 $ 0.06 $ 0.25 $ 0.20 $ 1,300 Depreciation $ 4,800 $ 8,200 $ 1,900 $ 1,300 Rent Administrative expenses $ 0.01 For example, electricity costs should be $1,300 per month plus $0.06 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.60 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income $ 0 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost per Month Cost per Car Washed $ 0.70 $ 0.07 Cleaning supplies Electricity Maintenance Wages and salaries $ 1,300 $ 0.25 $ 0.20 Depreciation $ 4,300 $ 8,400 $ 2,200 $ 1,800 Rent Administrative expenses $ 0.05 For example, electricity costs should be $1,300 per month plus $0.07 per car washed. The company actually washed 8,600 cars in August and collected an 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 0 $ 0