Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the companys costs:

Fixed Cost per Month

Cost per Car Washed

Cleaning supplies				$	0.60
Electricity	$	1,200		$	0.09
Maintenance				$	0.25
Wages and salaries	$	4,500		$	0.40
Depreciation	$	8,400
Rent	$	2,200
Administrative expenses	$	1,600		$	0.02

For example, electricity costs are $1,200 per month plus $0.09 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.30 per car washed.

REQUIRED:

Complete the companys flexible budget for August

REVENUE

EXPENSES:

CLEANING SUPPLIES

ELECTRICITY

MAINTENANCE

WAGES AND SALARIES

DEPRECIATION

RENT

ADMINISTRATIVE EXPENSES

TOTAL EXPENSE

NET OPERATING INCOME