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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash...

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Accounting

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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: Cost per Fixed Cost per Month Car Washed $1,000 cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.50 $ 0.09 $ 0.25 $ 0.30 $4,200 $ 8,300 $1,900 $1,600 $ 0.04 For example, electricity costs are $1,000 per month plus $0.09 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.30 per car washed. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income

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