Exercise 9-10 (Static) 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 estimates concerning the company's costs: cleaning supplies Electricity Maintenance Fixed Cost per Month Rent $ 1,200 $ 5,000 $ 6,000 Cost per Car Washed $ 8,000 $ 4,000 $ 0.80 $ 0.15 Wages and salaries Depreciation Administrative expenses For example, electricity costs should be $1,200 per month plus $0.15 per car washed. The company actually washed 8,800 cars in August and collected an average of $4.90 per car washed. $ 0.20 $ 0.30 $ 0.10 Required: Prepare the company's flexible budget for August.

Exercise 9-10 (Static) Flexible Budget [LO9-1] Lovage Rapide is a Canodian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,200 per month plus $0.15 per car washed. The company actually washed 8,800 cars in August and collected an averoge of $4.90 per car washed. Pequired: Prepare the company's fiexible budget for August