Mcinerney Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (ie, 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 Fixed element per month Variable element per quest element per jeep Revenue Tour guide wages $ $181 $ Vehicle expenses Administrative expenses $4,800 $3,500 $26 $ 0 $136 $ 79 $ 19 In October, the company budgeted for 343 guests and 109 jeeps. The actual activity for the month was 430 guests and 168 jeeps. Required: Prepare the company's flexible budget for the actual level of activity in October Meinerney Jeep Tours Flexible Budget For the Month Ended October 21 Actual guests Actual jeeps Revenue Expenses Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income 430 89 108