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 Fixed Cost Cost per Car Washed $0.60 $ 0.09 $0.25 $0.30 per Month Cleaning supplies Electricity Maintenance $ 1,200 $4,100 $8,500 2,000 s1,600 Wages and salaries Depreciation Rent Administrative expenses $0.04 For example, electricity costs are $1,200 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.30 per car washed Required Prepare the company's 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 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 Fixed Cost per Car Washed Cost per Month 0.50 0.07 $0.25 $0.30 Cleaning supplies Electricity Maintenance $1,300 $4,300 $8,400 $2,200 $1,500 Wages and salaries Depreciation Rent Administrative expenses 0.01 For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.20 per car washed Required Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income