Exercise 9-5 0 Help 10 ponts 1 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 & may supplement with special sailings if there is sufficient demand. Up to 87 passengers can be accommodated on the tour bost. Data conceming the company's cost formulas appear below: Fland Cost per Cost per cont per Hansh Craise Faasenper Advertising Administrative costs 4.700 2,500 5,200 33.00 3,300 479.00 3.10 $ 1.50 For example, vessel operating costs should be $6,700 per month plus $479.00 per cruise plus $3.10 per passenger. The company's sales should average $31.00 per passenger. In July, the company provided 60 cruises for a total of 3,050 passengers Required: Prepare the company's flexible budget for July Alyeski Tours Flexible Budget For the Month Endod July 31 Revenue Expenses Visser operating costs Advertising Adminstrative co Insurance Total expense Net operating income Upon 1) Sub Check my work