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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

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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 company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost Cost per Car per Month Washed $ 0.80 $ 1,500 $ 0.06 $ 0.15 $ 4,900 $ 0.30 $ 8,200 $ 2,000 $ 1,400 $ 0.01 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 $6.70 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 Administrative expenses Total expense Net operating income 0 $ 0

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