Mcinerney Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (le., cost drivers), namely guests and jeeps. One vehicle used in one tour on one day counts as a jeep. Each jeep has one tour guide. The company uses the following data in its budgeting: variable Variable element per guest per jeep Fixed element element per month Revenue Tour guide wages Vehicle expenses Administrative expenses 161 132 $ 75 $4,600 $3,300 $ 15 In October, the company budgeted for 339 guests and 105 jeeps. The actual activity for the month was 410 guests and 152 jeeps. Required: Prepare the company's flexible budget for the actual level of activity in October. Mci nerney Jeep Tours Flexible Budget For the Month Ended October 31 410 Actual guests Actual jeeps Revenue Expenses: 152 Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income