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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...

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 80 passengers can be accommodated on the tour boat. Data concerning the company’s cost formulas appear below:

Fixed Cost per Month 6,388 s 2,908 $5,980 3,388 Cost per Cruise 471.88 Cost per Passenger 3.38 Vessel operating costs Adverti

For example, vessel operating costs should be $6,300 per month plus $471.00 per cruise plus $3.30 per passenger. The company’s sales should average $35.00 per passenger. In July, the company provided 53 cruises for a total of 3,150 passengers.

Required:

Prepare the company’s flexible budget for July.

Required Prepare the companys flexible budget for July nswer is not complete Alyeski Tours Flexible Budget For the Month End


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Alyeski Tours Planning Budget
Flexible Budget
For the month ended July 31st
Budgeted cruises=(A) 53
Budgeted Passengers=(B) 3150
Revenue=(C )=(A)*(B) $ 1,66,950.00
Expenses
Vessel Operating cost($6300+53*$471+3150*$3.30) $     41,658.00
Advertising $       2,900.00
Administrative Cost($5900+53*$30+3150*$1.50) $     12,215.00
Insurance $       3,300.00
Total Expenses=(D) $     60,073.00
Net Income(C )-(D) $ 1,06,877.00
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AT Inc
Flexible Budget
For the Month Ended   July 31
ParticularsAmountNotes
Actual   cruises53
Actual   passengers3150



Revenue$110,250A :       (3,150 passengers × $35 per passenger)
Expenses:

         Vessel operating expenses$41,658$6,300 + (53 cruises × $473) + (3,150 passengers × $3.30)
         Advertising$2,900
         Administrative costs$12,215$5,900 + (53 cruises × $30) + (3,150 passengers × $1.50)
         Insurance$3,300
               Total expenses$60,073B
Net operating   income$50,177(A −   B)


answered by: Ravi Raju
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