A company operates sight-seeing buses. Management has identified two cost drivers--the number of buses in operation and the number of passengers served that it uses in its budgeting and performance reports. Data concerning the company's cost formulas appear below: Cost per Bus $ 476 Cost per Passenger $ Vehicle operating costs Advertising Administrative costs Insurance Fixed Cost per Month $ 6,800 $ 2,500 $ 5,300 $ 3.900 $ 38 $ 1.5 For example, vehicle operating costs should be $6,800 per month plus $476 per bus plus $3 per passenger. The company's sales revenue should average $29 per passenger. In July the company operated 50 buses and served a total of 3,200 passengers. How much is the company's flexible budget operating income for July? Multiple Choice $58,600 O $34,200 Prev 3 of 13 Next >