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 Fixed Cost per Month Rent $ 1,500 For example, electricity costs should be $1,500 per month plus $0.09 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.40 per car washed. Administrative expenses Total expenses Net operating income $ 4,400 $ 8,300 $ 2,000 $ 1,600 Required: Prepare the company's flexible budget for August. Cost per Car Washed $ 0.50 $ 0.09 $ 0.25 $ 0.40 $ 0.05

Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,500 per month plus $0.09 per car washed. The compahy actually washed 8,500 cars in August and collected an average of $6.40 per car washed. Required: Prepare the company's flexible budget for August