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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

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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 company's costs: Fixed Cost per Cost per Month Car Washed Cleaning supplies $ 0. 50 Electricity $ 1,500 $ 0. 06 Maintenance $ 0. 20 Wages and salaries $ 4, 900 $ 0.30 Depreciation $ 8,200 Rent $ 2,000 Administrative expenses $ 1, 500 $ 0. 03 For example, electricity costs should be $1,500 per month plus $0.06 per car washed. The company actually washed 8,300 cars in August and collected an average 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

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