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Budd's Bus Company operates bus tours of the Finger Lakes in New York state. Management has identified two cost drivers - the number of trips

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Budd's Bus Company operates bus tours of the Finger Lakes in New York state. Management has identified two cost drivers - the number of trips and the number of passengers-that it uses in its budgeting and performance reports. The company runs two trips daily from March to October. Up to 85 passengers can be accommodated on the bus. Data concerning the company's cost formulas appear in the chart.
\table[[,\table[[Fixed Cost],[per Month]],Cost per Trip,\table[[Cost per],[Passenger]]],[Bus operating costs,$1,400,$27.50,$1.25
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