Check my work 4 Dones Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier Management has identified two cost drivers--the number of cruises and the number of passengers-that it uses in its budgeting and performance reports. The company publishes a schedule of day cruises that it may supplement with special sailings if there is sufficient demand. Up to 85 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below. Fixed Coat Month cost per Cage Veel operating costs 16,000 $477.00 53.20 Advertising 12,100 Administrative costa $ 5,900 $39.00 $8.50 Insurance $3,900 book Hint For example, vessel operating costs should be $6,000 per month plus $47700 per cruise plus 53 20 per passenger. The company's sales should average $30.00 per passenger. In July, the company provided 53 cruises for a total of 3.100 passengers Required: Prepare the company's flexible budget for July Print References Alyesk Tours Flexible Budget For the Month Ended July 31 Revenue Expenses Vessel operating costs Advertising Administrative costs Insurance Total expense 0 Net operating income 5 0 MC Graw Hill