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Miracle Car Wash located in Nashville, Tennessee has been providing interior and exterior car washes since 1960. Provided below is information regarding Miracle's costs: Fixed

Miracle Car Wash located in Nashville, Tennessee has been providing interior and exterior car washes since 1960. Provided below is information regarding Miracle's costs:

Fixed Cost per Month Cost per Car Washed
Cleaning supplies $ 0.50
Electricity $ 1,100 $ 0.07
Maintenance $ 0.25
Wages and salaries $ 4,400 $ 0.20
Depreciation $ 8,500
Rent $ 2,100
Administrative expenses $ 1,800 $ 0.05

For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.70 per car washed.

Required:

Prepare the companys flexible budget for August.

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