Icicle Bay Tours operates day tours of coastal glaciers in Alaska on its tour boat the Emerald
Icicle Bay Tours operates day tours of coastal glaciers in Alaska on its tour boat the Emerald Glacier. Management has identified two cost driversthe number of cruises and the number of passengersthat it uses in its budgeting and performance reports. The company publishes a schedule of day cruises that it may supplement with special sailings if there is sufficient demand. Up to 80 passengers can be accommodated on the tour boat. Data concerning the companys cost formulas appear below:
For example, vessel operating costs should be $6,800 per month plus $475.00 per cruise plus $3.50 per passenger. The companys sales should average $28.00 per passenger. The companys planning budget for August is based on 58 cruises and 3,200 passengers.
Required: Prepare the companys planning budget forAugust.
Transcribed Image Text:
Fixed Cost Cost per Cost per per Month Cruise Passenger Vessel operating costs Advertising Administrative costs ...$5,800 $6,800 $475.00 $3.50 $2,700 $36.00 $%1.80 $36.00 $1.80 $3,600
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