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 companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.50
Electricity	$ 1,100	$ 0.06
Maintenance		$ 0.20
Wages and salaries	$ 4,200	$ 0.30
Depreciation	$ 8,300
Rent	$ 2,000
Administrative expenses	$ 1,600	$ 0.01

For example, electricity costs are $1,100 per month plus $0.06 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.70 per car washed.

Required:

Prepare the companys 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

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 companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.50
Electricity	$ 1,100	$ 0.06
Maintenance		$ 0.20
Wages and salaries	$ 4,200	$ 0.30
Depreciation	$ 8,300
Rent	$ 2,000
Administrative expenses	$ 1,600	$ 0.01

For example, electricity costs are $1,100 per month plus $0.06 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.70 per car washed.

Required:

Prepare the companys 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