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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 estimates concerning the company's costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0,60 Electricity $1,100 $ 0.05 Maintenance $ 0.10 $ 0.40 Wages and salaries Depreciation $4,200 $ 8,100 $ 2,100 $ 1,600 Rent Administrative expenses $ 0.03 For example, electricity costs should be $1,100 per month plus $0.05 per car washed. The company actually washed 8,100 cars in August and collected an average of $6.50 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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