Q5

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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost Cost per per Month Car Washed Cleaning supplies $ 0.50 Electricity $ 1,100 $ 0.07 Maintenance $ 0.15 Wages and salaries $ 4,100 5 0.30 Depreciation $ 8,400 Rent $ 1,900 Administrative expenses 5 1,800 $ 0.04 For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.90 per car washed. Required: Prepare the company's flexible budget for August. Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Total expense Net operating income