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:

$\backslash$table$[[$Fixed element,Variable,$],[$element$,$Variable,$],[$element$,,],[$per month,per guest,per jeep$]]$

In October, the company budgeted for $338$ guests and $104$ jeeps. The actual activity for the month was $405$ guests and $148$ jeeps.

Required:

Prepare the company's flexible budget for the actual level of activity in October.

$\backslash$table$[[$Mcinerney Jeep Tours$],[$Flexible Budget,$],[$For the Month Ended October $31,],[$Actual guests,$405],[$Actual jeeps,$148],[$Revenue$,],[$Expenses:$,],[$Tour guide wages,$],[$Vehicle expenses,$],[$Administrative expenses,$],[$Total expense,$],[$Net operating income,$]]$