Lavage Rapide 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 Wages and salaries Depreciation Administrative expenses Rent Required: Prepare the company's flexible budget for August Lavage Rapide Flexible Budget For the Month Ended August 31 Actual cars washed Revenue Expenses: For example, electricity costs should be $1,400 per month plus $0.10 per car washed. The company actually washed 8,200 cars in August and collected an average of $6.60 per car washed. Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Fixed Cost per Month $ 1,400 $ 4,600 $ 8,200 $ 2,200 $ 1,500 Administrative expenses Total expenses Net operating income $ Cost per Car Washed 0 0 $ 0.60 $0.10 $ 0.25 $0.30 $ 0.04

Lavage Rapide 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 $1,400 per month plus $0.10 per car washed. The company actually washed 8,200 cars in August and collected an average of $6.60 per car washed. Required: Prepare the company's flexible budget for August