Required Calculate the company's revenue and spending variances for August. (Hint: Refer to Exhibit 9-6.) EXERCISE 9-3 Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Manage- ment 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 80 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Prepare a Flexible Budget with More Than One Cost Driver L09-3 Fixed Cost Cost per Cost per per Month Cruise Passenger Vessel operating costs.$5,200 $480.00$2.00 Administrative costs ....$4,300 $24.00 $1.00 Insurance .$2,900