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Edit View Bookmarks People Tab Window Help exam.fb.athabascau.ca/ Tehting Session | Proctoru ACCT 355 Question 17 (15 marks) evious 1 Mark to review this question at the and of the exam Candle Light Bus Lines Lid. runs a series of bus routes between cities across Canada. A new route, between Kenora and Thunder Bay, has been planned for next year. The sale each ticket would be $25 per trip. Because of the availability of buses to service the route, the estimated passengers would be in increments of 10,000 . stion 16 The controller of the company provides you with the following information: stion Costs per passenger per trip: Fuel Selling $4 Admin In addition, she informs you that Facility Overhead will be $100,000 and Selling and Admin Overhead will be $50,090, regardless of the number of trips made in the year. Required: 31 AM a. Prepare a flexible budget for the company based on the above information for 20,000, 30,000, and 40,000 passengers. (6 marks) . Assume that there were actually 22,450 passengers who used the bus this year and sales totalled $538,800. Fuel costs were $123,475, driver costs were $95,415 and selling and admin In Exam variable costs were $41,500 and $17,250 respectively. Facility Costs were $125,000 and Selling and Admin Overhead was $78,000. Prepare a flexible budget report for the year. (6 marks) c. Discuss the results of the year and what action should be taken in the future as a result. (3 marks) Consider creating a table to help organize and present your work. Font - Size onlineexams.nsf/studentExam.xsp# JUL 13 COUNTERS option