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lates sightseeing buses. Management has identified two cost drivers-the number of buses in operation and the number of passengers served that itutes in its budgeting and performance reports. Dato concerning the company's cost formulas appear below. Cost per Bus $ 476 Cost per Passenger $ 4.5 Vehicle operating costs Advertising Administrative costs Insurance Fixed Cost per Month $ 6.800 $ 2500 $ 5.300 $ 3.900 $ 38 15 For example vehicle operating costs should be 56.800 per month plus 5476 per bus plus 54.5 per passenget The company's sales revenue should average 530 per passenger In July, the company operated 52 buses and served a total of 3.250 passengers. How much is the company's flexible budget operating income for July? Multiple Choice O $64,728 $51,323 O $32,772 $31,552