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: Cost per Car Washed Fixed Cost per Month Cleaning supplies $ 0.50 Electricity $ 1,300 $ 0.09 Maintenance $ 0.20 Wages and salaries $ 4,900 $ 0.40 Depreciation $ 8,500 Rent $ 1,900 Administrative expenses $ 1,800 $ 0.02 For example, electricity costs should be $1,300 per month plus $0.09 per car washed. The company actually washed 8,200 cars in August and collected an average of $6.60 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 Wages and salaries. Depreciation Maintenance $ 0.20 $ 4,900 $ 0.40 $ 8,500 $1,900 Administrative expenses $ 1,800 $ 0.02 Rent For example, electricity costs should be $1,300 per month plus $0.09 per car washed. The company actually washed 8,200 cars in August and collected an average of $6.60 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 $ 0