FINAL EXAM - PROBLEMS 0 Saved Help save a Ell! submit 7 W Exercise 9-5 {Alger} Prepare a Flexible Budget with More Than One Cost Driver [L09-5] 10 Alyeskl Tours operates day tours of coastal glaciers In Alaska on its tour boat the Blue Glacier. Management has Identied two cost pomts driversthe number of cruises and the number of passengersthat lt 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 88 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: eaaok Fixed Gas! Cost per Cost per lelt per Month Cruise Mung-P Vessel operating costs 5 6,488 5 413.88 S 3.18 Prlnt Advertising 3 2,599 References administrative costs 3 5.688 3 38.88 s 1.58 Insurance 1 3,188 For example. vessel operating costs should be $6,400 per month plus $473.00 per cruise ptus $3.10 per passenger. The company's sales should average $34.00 per passenger. In July, the company provided 51 cruises {or a total of 3,100 passengers. Required: Prepare the companfs exible budget for July. ( Em \"*8 II Next ) FINAL EXAM - PROBLEMS i Saved Help Save & Exit Submit Check my work Required: Prepare the company's flexible budget for July. 10 Alyeski Tours points Flexible Budget For the Month Ended July 31 eBook Hint Revenue Print Expenses: References Vessel operating costs Advertising Administrative costs Insurance Total expense Net operating income Mc Graw Hill