2 DOITS Exercise 9-3 (Static) Prepare a Flexible Budget with More Than One Cost Driver [LO9-3] Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier Management has identified two cost drivers-the number of cruises and the number of passengers-that 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 four boat Data conceming the company's cost formulas appear below Fixed Cost per Cost per Month eBook Vessel operating costs $5,20 Chuisse $400,00 Cost per Passenge $2.00 Advertising $3.79 Administrative costs $4,300 $2,900 $24.00 $1,00 Hire Prim References Insurance For example, vessel operating costs should be $5,200 per month plus $480 per cruise plus $2 per passenger. The company's sales should average $25 per passenger In July, the company provided 24 cruses for a total of 1.400 passengers Required: Prepare the company's flexible budget for July Alyeski Tours Flexible Budget For the Month Ended July 31 Revenue Expenses Vessel operating cost Advertising Administrative costs Insurance Total expense Net operating income