Fixed Cost per Month			Cost per Cruise			Cost per Passenger
Vessel operating costs	$	6,300		$	472.00		$	3.20
Advertising	$	2,100
Administrative costs	$	5,000		$	31.00		$	1.50
Insurance	$	3,800

For example, vessel operating costs should be $6,300 per month plus $472.00 per cruise plus $3.20 per passenger. The companys sales should average $35.00 per passenger. In July, the company provided 53 cruises for a total of 3,050 passengers.

Required:

Prepare the companys flexible budget for July.

Actual cruises

budgeted cruises

revenue

expenses

vessel operating cost

advertising

administrative cost

insurance

total expenses

net operating income