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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 $ 0.50
Electricity $ 1,500 $ 0.06
Maintenance $ 0.25
Wages and salaries $ 4,300 $ 0.20
Depreciation $ 8,400
Rent $ 2,100
Administrative expenses $ 1,600 $ 0.03

For example, electricity costs are $1,500 per month plus $0.06 per car washed. The company actually washed 8,200 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 \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Lavage Rapide } \\ \hline For the Month Ended August 31 \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Cleaning supplies & \\ \hline Electricity & \\ \hline Maintenance & \\ \hline Wages and salaries & \\ \hline Depreciation & \\ \hline Rent & \\ \hline Administrative expenses & \\ \hline Total expense & \\ \hline Net operating income & \\ \hline \end{tabular}

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