Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vessel operating costs Advertising Administrative costs Insurance Fixed Cost per Cost per Cruise Cost per Passenger Month $ 6,700 $ 470.00 $ 3.30 $ 3,000

Vessel operating costs Advertising Administrative costs Insurance Fixed Cost per Cost per Cruise Cost per Passenger Month $ 6,700 $ 470.00 $ 3.30 $ 3,000 $ 5,900 $ 3,000 $ 32.00 $ 1.50 For example, vessel operating costs should be $6,700 per month plus $470.00 per cruise plus $3.30 per passenger. The company's sales should average $30.00 per passenger. In July, the company provided 56 cruises for a total of 3,200 passengers. Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible Budget For the Month Ended July 31 Actual cruises Actual passengers Revenue Expenses: Vessel operating costs Advertising Administrative costs Insurance Total expense 0 Net operating income $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Becoming An Unstoppable Woman In Finance 29 Strategic Financial Experts

Authors: Hanna Olivas, Adriana Luna Carlos, Heather Stokes, Lisa Chastain, Jennifer Lara, Shannon Lavenia, Althia Lopez, Heather Jackson, Annette Morris, Rebecca Chandler

1st Edition

979-8986936703

More Books

Students also viewed these Accounting questions