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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 data concerning

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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 data concerning the company's costs: Cost per Car Cleaning supplies Electricity Maintenance Vages and salaries Depreciation Rent Adainistrative expenses Fixed Cost Per Month Vashed $ 0.50 $ 1.300 $ 0.05 $ 0.10 $4.400 $ 0.20 $ 8.000 $ 2.000 $ 1.700 $ 0.04 For example, electricity costs are $1,300 per month plus $0.05 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.80 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

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