Lavage Rapide is a Canadian company that owns and operates a large automatic carwash 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	$	1,300		$	0.08
Maintenance				$	0.25
Wages and salaries	$	4,500		$	0.40
Depreciation	$	8,300
Rent	$	1,900
Administrative expenses	$	1,500		$	0.04

For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.50 per car washed.

Required:

Complete the companys planning budget for August.

Lavage Rapide
Planning 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	$

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Lavage Rapide is a Canadian company that owns and operates a large automatic carwash 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	$	1,500		$	0.08
Maintenance				$	0.25
Wages and salaries	$	4,800		$	0.40
Depreciation	$	8,000
Rent	$	2,000
Administrative expenses	$	1,600		$	0.02

For example, electricity costs are $1,500 per month plus $0.08 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.10 per car washed.

Required:

Complete 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
Net operating income	$