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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: Cost

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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: Cost per Fixed Cost per Month $1,000 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed $ 0.40 $ 0.10 $ 0.20 $ 0.40 $ 4,800 $ 8,300 $ 2,100 $ 1,400 $ 0.02 For example, electricity costs are $1,000 per month plus $0.10 per car washed. The company actually washed 8,100 cars in August and collected an average of $6.90 per car washed. Required: Prepare the company's flexible budget for August. Miracle Car Wash ho Flexible Budget For the Month Ended August 31 Revenue Expenses For example, electricity costs are $1,000 per month plus $0.10 per car washed. The company actually washed 8,100 cars in August and collected an average of $6.90 per car washed. Required: Prepare the company's flexible budget for August. Miracle Car Wash 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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