%24 Miracle Car Wash Flexible Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total...

Extracted text: %24 Miracle Car Wash 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


Extracted text: 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 Cost per per Month Can Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $0.70 $ 8.08 $0.10 $1,300 $4,300 $8,3e0 $2,000 $1,400 $0.20 $8.es For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company actually washed 8,200 cars in August and colected an average of $6.20 per car washed. Required: Prepare the company's flexible budget for August.