Exercise $9-5($Algo$)$ Prepare a Flexible Budget with More Than One Cost Driver $[$LO$9-5]$

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 $89$ passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below:

$\backslash$table$[[,\backslash$table$[[$Fixed$],[$Cost per$],[$Month$]],\backslash$table$[[$Cost per$],[$Cruise$]],$Cost per$],[$Passenger$,,,]]$

For example, vessel operating costs should be $$6,700$ per month plus $$478\mathrm{.}00$ per cruise plus $$3\mathrm{.}30$ per passenger. The company's sales should average $$30\mathrm{.}00$ per passenger. In July, the company provided $55$ cruises for a total of $3,100$ passengers.

Required:

Prepare the company's flexible budget for July.

$\backslash$table$[[$Alyeski Tours$],[$Flexible Budget$],[,],[,],[$Revenue the Month Ended July $31,],[$Expenses:$,],[$Vessel operating costs,$],[$Advertising$,],[$Administrative costs,$],[$Insurance$,],[$Total expense,$],[$Net operating income,$]]$