Month Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier Management has identified two cost drivers--the number of cruises and the number of passengers-that it uses in its budgeting and performance reports. The company publishes a schedule of day cruises that it may supplement with special sailings if there is sufficient demand, Up to 85 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below. Fixed cost per cost per Cost per Cruise Passenger Vessel operating costs $ 6,200 $ 475.00 Advertising $ 2,000 Administrative costs $ 5,100 $39.00 $ 1.50 33.900 For example, vessel operating costs should be $6,200 per month plus $475,00 per cruise plus $3.20 per passenger. The company's sales should average $29.00 per passenger, in July, the company provided 59 cruises for a total of 3,000 passengers. Required: Prepare the company's fiexible budget for July, $ 3.20 Insurance 59 3.000 Alyesko Tours Flexible Budget For the Month Ended July 31 Actual cruises Actual passengers Revenue Expenses Vel operating costs Advertising Administrative costs Insurance Total expense Net operating income $