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Mcinerney Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (i.e., cost

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Mcinerney Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (i.e., 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: In October, the company budgeted for 334 guests and 100 jeeps. The actual activity for the month was 385 guests and 132 jeeps. Required: Prepare the company's flexible budget for the actual level of activity in October. \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Mcinerney Jeep Tours } \\ \hline \multicolumn{2}{|c|}{ Flexible Budget } \\ \hline \multicolumn{2}{|c|}{ For the Month Ended October 31 } \\ \hline Actual guests & 132 \\ \hline Actual jeeps & \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Tour guide wages & \\ \hline Vehicle expenses & \\ \hline Administrative expenses \\ \hline \end{tabular}

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