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 Variable Variable Fixed element element element per month per guest per jeep Revenue $ 0 $ 121 Tour guide wages $ 0 $ 0 $ 124 Vehicle expenses $ 4,200 $ 14 $ 67 Administrative expenses $ 2,900 $ 7 $ 0 $ 0 In October, the company budgeted for 331 guests and 97 jeeps. The actual activity for the month was 370 guests and 120 jeeps. Required: Prepare the company's flexible budget for the actual level of activity in October. 370 120 McInerney Jeep Tours Flexible Budget For the Month Ended October 31 Actual guests Actual jeeps Revenue Expenses Tour guide wages Vehicle expenses Administrativo expenses Total expenso Net operating income MA