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Miracle Car Wash located in Nashville, Tennessee has been providing interior and exterior car washes...

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Accounting

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Miracle Car Wash located in Nashville, Tennessee has been providing interior and exterior car washes since 1960. Provided below is information regarding Miracle's costs: Fixed Cost per Month $1,500 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.60 $ 0.06 $ 0.20 $ 0.30 $4,300 $8,000 $1,900 $1,800 $ 0.02 For example, electricity costs are $1,500 per month plus $0.06 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.20 per car washed. Required: Prepare the company's flexible budget for August Miracle Car Wash Flexible Budget For the Month Ended August 31

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