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

Use the table to find the value of the derivatives of each function IL X...

Calculus
Q

If a mutation occurred in which hexokinase lost its allosteric site for glucose 6 phosphate...

Biology
Q

b The efficiency of a Carnot s engine is 40 when the temperature of the...

Physics
Q

IN 2 byly What value of a is the solution to the equation above

Geometry
Q

Determine the length of side C of the triangle shown in Figure 30 m 65...

Basic Math
Q

The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation...

Accounting
Q

Clem Company issued $940,000, 10-year, 5 percent bonds on January 1, 2015. The bonds sold...

Accounting
Q

The fact that one department may be labor intensive while another department is machine intensive...

Accounting
Q

8. Tony Manufacturing produces a single product that sells for $80. Variable costs per unit...

Accounting
Q

The Cavy company estimates that the factory overhead for the following year will be $1,250,000....

Accounting
Q

#1 Explain the two types of personal jurisdiction. (General jurisdiction & specific jurisdiction). ...

Accounting
Q

True or False: Job shops have three types of inventory accounts: Direct Materials, Work-in-Process, and...

Accounting