Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management has identified two costdrivers-the number of cruises and the number of passengers-that it uses in its budgeting and performance reports. The companypublishes a schedule of day cruises that It may supplement with special sailings if there is sufficient demand. Up to 87 passengers canbe accommodated on the tour boat. Data concerning the company's cost formulas appear below:Vessel operating costsAdvertisingAdministrative costsInsuranceFor example, vessel operating costs should be $6,200 per month plus $473.00 per cruise plus $3.20 per passenger. The company'ssales should average $29.00 per passenger. In July, the company provided 59 cruises for a total of 3,150 passengers.Required:Prepare the company's flexible budget for July.Alyeski ToursFlexible BudgetFor the Month Ended July 31RevenueExpenses:Fixed Cost Cost perper Month Cruise$ 473.00Vessel operating costsAdvertisingAdministrative costsInsuranceTotal expenseNet operating income$6,200$ 2,200$ 5,400 $ 38.00$ 3,200$Cost perPassenger$ 3.20$ 1.5000

Flexible budget which means that the changes in the variation of expenses or revenues which are…

Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the B drivers-the number of cruises and the number of passengers-that it uses in its bu publishes a schedule of day cruises that it may supplement with special sailings if t be accommodated on the tour boat. Data concerning the company's cost formulas vessel operating costs Advertising Administrative costs Insurance Fixed Cost Cost per per Month Cruise $ 6,200 $ 473.00 $ 2,200 $ 5,400 $ 38.00 $ 3,200 cost per Passenger $ 3.20 $ 1.50

Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the B drivers-the number of cruises and the number of passengers-that it uses in its bu publishes a schedule of day cruises that it may supplement with special sailings if t be accommodated on the tour boat. Data concerning the company's cost formulas vessel operating costs Advertising Administrative costs Insurance Fixed Cost Cost per per Month Cruise $ 6,200 $ 473.00 $ 2,200 $ 5,400 $ 38.00 $ 3,200 cost per Passenger $ 3.20 $ 1.50

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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