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		$ 0.80
Electricity	$ 1,500	$ 0.10
Maintenance		$ 0.15
Wages and salaries	$ 4,600	$ 0.40
Depreciation	$ 8,200
Rent	$ 2,100
Administrative expenses	$ 1,800	$ 0.05

For example, electricity costs should be $1,500 per month plus $0.10 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.50 per car washed.

Required:

Prepare the companys flexible budget for August.

NOTE: OPTIONS above REVENUE are:

Actual cars washed or Budgeted cars washed

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 Month Cost per Car Washed $ 0.80 $ 0.10 $ 0.15 $ 0.40 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 1,500 $ 4,600 $ 8,200 $ 2,100 $ 1,800 $ 0.05 For example, electricity costs should be $1,500 per month plus $0.10 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.50 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 Net operating income