question Alyeski lours 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 81 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Fixed cost per Month Coat per Cruise Cont per Passenger Vessel operating costs $ 6,700 $ 470.00 $ 3.00 Advertising $ 2,300 Administrative costs $ 5,600 $ 39.00 $1.50 Insurance $ 3,800 For example, vessel operating costs should be $6,700 per month plus $470.00 per cruise plus $3.00 per passenger. The company's sales should average $32.00 per passenger. In July, the company provided 55 cruises for a total of 3,100 passengers. Required: Prepare the company's flexible budget for July. Answer is complete but not entirely correct. Alyeskl Tours Flexible Budget For the Month Ended July 31 Actual cruises Actual passengers 55 3,100 $ 99,200 Revenue Expenses Vessel operating costs Advertising Administrative costs Insurance 1,732,043 2,300 12,395 3,800 1,750,538 Total expense