Chapter 9 3 Alyeski Tours operates day tours of coastal glaciers in Alaska on is tour boet the Blue Glacier. Management has identified two cost drivers-the number of cruises and the number of passengers that it uses in its bucdgeting and performance seports The company publishes a schedule of day cruises that it may supplement with special salings if there is sufficient demand Up to 80 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below poims Fixed Cost per MonthCost per Ceui Cost Passe Vessel operating costs Advertising Administrative costs Insurancie $480.89 $2.00 5,200 1,700 4,300 2,980 24.00 $1.00 For example, vessel operating costs should be $5.200 per month plus $480 pet cue plus $2 per passenger The company's sales should average $25 per passenger In July, the company ptowded 24 onudg for a total f 1,400 passengers Required Prepare the company's flexitle budget for July Flexible Budget For the Month Ended July 3 Revenue Vessel opesaling costs Toal experse Net operaning income