Exercise 9- Prepare a Flexible Budget with More Than One Cost Driver (L09-5) Aleski Tours operates day lours of coastal glaciers in Alaska on its four boat the Blue Glacier Management has dented 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 salings if there is sufficient demand Up to 86 passengers can be accommodated on the tour boat Oata concerning the company's cost formulas appear below points 02343732 Cost per Cruise 5474.80 cost per Passenger $3.ee Vessel operating costs Advertising Administrative Fixed Cost per Month $6,700 $2,200 35,800 53,480 $30.98 $1.5e Insurance For example, vessel operating costs should be $6/00 per month plus $47400 per cruise plus $300 per passenger The companys sales should average $3000 per passenger in July, the company provided 55 Cruises for a total of 3.000 passengers Required Prepare the company's flexible budget for July Alyesk Tours Flexible Budget For the Month Ended July Revenue Expenses Advertising Administrative costs Insurance Net operating