Exercise 9-8 (Algo) Flexible Budget [LO9-1] Lavage Rapide is a Canadian company that owns and operates...

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Exercise 9-8 (Algo) Flexible Budget [LO9-1] 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: Electricity Maintenance Fixed Cost per Month Cost per Car Washed $ 0.60 $0.07 $ 0.15 Cleaning supplies $1,200 Wages and salaries - $ 4,300 $ 0.30 $8,300 $2,000 $1,300 $ 0.02 Depreciation Rent Administrative expenses For example, electricity costs are $1,200 per month plus $0.07 per car washed. The company actually washed 8,100 cars in August and collected an average of $6.30 per car washed. Required: Prepare the company's flexible budget for August. Exercise 9-8 (Algo) Flexible Budget [LO9-1] 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: Electricity Maintenance Fixed Cost per Month Cost per Car Washed $ 0.60 $0.07 $ 0.15 Cleaning supplies $1,200 Wages and salaries - $ 4,300 $ 0.30 $8,300 $2,000 $1,300 $ 0.02 Depreciation Rent Administrative expenses For example, electricity costs are $1,200 per month plus $0.07 per car washed. The company actually washed 8,100 cars in August and collected an average of $6.30 per car washed. Required: Prepare the company's flexible budget for August.