A company operates sightseeing buses. Management has identified two cost drivers--the number of buses in operation and the number of passengers served that uses in the budgeting and performance reports. Data concerning the company's cost formulas appear below. Cost per Bus $ 478 Cost per Passenger $ 3.5 Vehicle operating costs Advertising Administrative costs Insurance Feed Cost per month $ 6.800 $ 2.500 $ 5.300 $ 3,900 $ 38 $ 15 For example, vehicle operating costs should be $6,000 per month plus $476 per bus plus $3.5 per passenger. The company's sales revenue should average $32 per passenger In July, the company operated 48 buses and served a total of 3,250 passengers. How much is the company's fexible budget operating income for Jul Multiple Choice $44578 MacBook Air % 5 & 7 3 4 8 E R T Y U O P D F G H j K V B N. M 96 passenger In July, the company operated 48 buses and served a total of 3,250 passengers. How much is the company's flexible budget operating income for July Multiple Choice $62,977 $44,578 o $20.48 $59.422 MacBook Air s % 5 6 & 7 8 E R T Y U 10 D F G H J K L v B N. M 92