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

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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: Fixed Cost Cost per Car per Month Washed Cleaning supplies $8.50 Electricity $1,000 $ 0.05 Maintenance $ 0.15 Wages and salaries $ 4,300 $ 0.30 Depreciation $ 8,400 Rent $ 2,000 Administratius expenses $ 1,200 $ 0.02 For example, electricity costs are $1,000 per month plus $0.05 per car washed. The company actually washed 8,200 cars in August and collected an average of $6.20 per car washed. Required: Prepare the company's flexible budget for August Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenace Wages and salaries Depreciation Rent Administrative expenses 0 Total expense $ 0 Net operating income

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