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Bustillo Company operates sightseeing buses. Management has identified two cost drivers--the number of buses in operation and the number of passengers served that it uses

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Bustillo Company operates sightseeing 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 $ 3 44:13 Vehicle operating costs Advertising Administrative costs Insurance Fixed Cost per Month $ 6,800 $ 2.500 $ 5,300 $ 3,900 $ 38 $ 15 For example, vehicle operating costs should be 56,800 per month plus $476 per bus plus 53 per passenger. The company's sales revenue should average 532 per passenger in July, the company operated 47 buses and served a total of 3,300 passengers. How much is the company's flexible budget operating income for July? Multiple Choice $66,528 O $48.092 $29.172 $57,508

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