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: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent For example, electricity costs are $1,200 per month plus $0.10 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.60 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 Fixed Cost per Month $ 1,200 $ 4,400 $ 8,300 $ 1,900 $ 1,500 Administrative expenses Cost per Car Washed $ 0.40 $ 0.10 $ 0.25 $ 0.30 Total expense Net operating income $ 0.03

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: For example, electricity costs are $1,200 per month plus $0,10 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.60 per car washed. Required: Prepare the company's flexible budget for August