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:

For example, electricity costs should be $1,200 per month plus $0.15 per car washed. The company actually washed 8,800 cars in August and collected an average of $4.90 per car washed.

Required: Prepare the companys flexible budget for August.

CleaningsuppliesElectricityMaintenanceWagesandsalariesDepreciationRentFixedCostperMonth$1,200$5,000$6,000$8,000$4,000CostperCarWashed$0.80$0.15$0.30$0.10 Lavage Rapide Flexible Budget For the Month Ended August 31 \begin{tabular}{|l|l|} \hline & \\ \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 \hline \end{tabular}