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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: For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company actually washed 8,100 cars in August ond collected an average of $6.20 per car washed. Required: Prepare the company's flexible budget for August. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Lovage Rapide } \\ \hline \multicolumn{2}{|c|}{ Flexible Budget } \\ \hline \multicolumn{1}{|c|}{ For the Month Ended August 31 } \\ \hline Revenue \\ \hline Expenses: \\ \hline Cleaning supplies \\ \hline Electricity \\ \hline Maintenance \\ \hline Wages and salaries \\ \hline Depreciation \\ \hline Rent \\ \hline Administrative expenses \\ \hline Total expense \\ \hline Net operating income \\ \hline \end{tabular}

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