Exercise $9-10($Algo$)$ Flexible Budget $[$LO$9-1]$

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company$$s costs:

Fixed Cost per Month Cost per Car Washed

Cleaning supplies $ $0\mathrm{.}50$

Electricity $ $1,400$ $ $0\mathrm{.}08$

Maintenance $ $0\mathrm{.}25$

Wages and salaries $ $4,100$ $ $0\mathrm{.}30$

Depreciation $ $8,400$

Rent $ $2,100$

Administrative expenses $ $1,300$ $ $0\mathrm{.}04$

For example, electricity costs should be $$1,400$ per month plus $$0\mathrm{.}08$ per car washed. The company actually washed $8,300$ cars in August and collected an average of $$6\mathrm{.}10$ per car washed.

Required:

Prepare the company$$s flexible budget for August.