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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

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 $ 0.70
Electricity $ 1,400 $ 0.08
Maintenance $ 0.10
Wages and salaries $ 4,900 $ 0.30
Depreciation $ 8,400
Rent $ 2,000
Administrative expenses $ 1,800 $ 0.04

For example, electricity costs are $1,400 per month plus $0.08 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.40 per car washed.

Required:

Prepare the companys flexible budget for August.

image text in transcribed

Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Actual cars washed Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 0 S 0

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