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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

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 companys costs:

Fixed Cost per Month Cost per Car Washed
Cleaning supplies $ 0.50
Electricity $ 1,300 $ 0.10
Maintenance $ 0.10
Wages and salaries $ 4,600 $ 0.30
Depreciation $ 8,400
Rent $ 2,000
Administrative expenses $ 1,600 $ 0.04

For example, electricity costs should be $1,300 per month plus $0.10 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.00 per car washed.

image text in transcribed

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 $ 0

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