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 $ 0.70 Electricity $ 1,300 $ 0.10 Maintenance $ 0.10 Wages and salaries $ 4,900 $ 0.40 Depreciation $ 8,500 Rent $ 2,200 Administrative expenses $ 1,800 $ 0.02 For example, electricity costs should be $1,300 per month plus $0.10 per car washed. The company actually washed 8,100 cars in August and collected an average of $6.70 per car washed. Required: Prepare the companys flexible budget for August.

per month $1,300 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.70 $ 0.10 $ 0.10 $ 0.40 $4,900 $8,500 $2,200 $1,800 $ 0.02 For example, electricity costs should be $1,300 per month plus $0.10 per car washed. The company actually washed 8,100 cars in August and collected an average of $6.70 per car washed. 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