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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
Budd's Bus Company operates bus tours of the Finger Lakes in New York state.
Management has identified two cost driversthe number of trips and the number of
passengersthat it uses in its budgeting and performance reports. The company runs
two trips daily from March to October. Up to passengers can be accommodated on the
bus. Data concerning the company's cost formulas appear in the chart.
For example, bus operating costs should be $ per month plus $ per trip plus
$ per passenger. The company's sales should average $ per passenger. In
March the company provided trips and served passengers.
Required:
Prepare the company's flexible budget for March.
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