Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. alyeski tours operates day tours of coastal glacie

Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the...

90.2K

Verified Solution

Question

Accounting

image

Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management has identified two cost driversthe 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 89 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Cost per Cruise $ 473.00 Cost per Passenger $ 3.10 Vessel operating costs Advertising Administrative costs Insurance Fixed Cost per Month $ 6,100 $ 2,000 $ 5,200 $ 3,300 $ 38.00 $ 1.50 For example, vessel operating costs should be $6,100 per month plus $473.00 per cruise plus $3.10 per passenger. The company's sales should average $34.00 per passenger. In July, the company provided 51 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 Revenue Expenses: Vessel operating costs Advertising Administrative costs Insurance Total expense Net operating income 0 $ 0

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

     Consider the following problem     Maximize Z=2x1 + 5x2 + x3 subject to                4x1+ 2x2 + x3 ?...

General Management
Q

A diploid animal is heterozygous at the Head shape H and Tail length T loci...

Biology
Q

Using the experimental procedures and data, can you determine all statements that are true? Prior...

Biology
Q

What makes nucleic acids the best candidate for having been the hereditary molecule in the...

Biology
Q

Points 0 of 2 What was the interest rate An account invested in a money...

Basic Math
Q

Write the point-slope form of the line's equation satisfying the given conditions. Then use the...

Basic Math
Q

f x x 2 On which intervals is the graph of f concave down Choose...

Calculus
Q

3 1 8 Prove that av bw cv dw ac v ad bc v w...

Algebra
Q

question9 Saved Berkshire Pet...

Accounting
Q

what role do the standards financial report play in communication with a business clients?...

Accounting
Q

Required information Exercise 6-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume [LO6-4]...

Accounting
Q

Brighton, Inc., manufactures kitchen tiles. The company recently expanded, and the controller believes that it...

Accounting