Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Fixed Cost per Month $ 1,300 $ 4,600 $ 8,200 $ 1,900 $ 1,800 For example, electricity costs should be $1,300 per month plus $0.09 per car washed. The company actually washed 8,500 cars in August and collected an average of $5.90 per car washed. Cost per Car Washed Required: Prepare the company's flexible budget for August. Administrative expenses Total expenses Net operating income $ 0.80 $ 0.09 $ 0.20 $ 0.40 $ 0.04

Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.80 Electricity $ 1,300 $ 0.09 Maintenance $ 0.20 Wages and salaries $ 4,600 $ 0.40 Depreciation $ 8,200 Rent $ 1,900 Administrative expenses $ 1,800 $ 0.04 For example, electricity costs should be $1,300 per month plus $0.09 per car washed. The company actually washed 8,500 cars in August and collected an average of $5.90 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 expenses Net operating income