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

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Accounting

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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 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 Cost per Fixed Cost per Month $6,100 $2,800 $5,200 $3,100 Cruise $ 477.00 Passenger $ 3.10 Vessel operating costs Advertising Administrative costs Insurance $ 31.00 $ 1.50 For example, vessel operating costs should be $6,100 per month plus $477.00 per cruise plus $3.10 per passenger. The company's sales should average $32.00 per passenger. The company's planning budget for July is based on 52 cruises and 3,000 passengers. Required: Complete the company's planning budget for July Alyeski Tours Planning Budget For the Month Ended July 31 Revenue Expenses Vessel operating costs Advertising Administrative costs Insurance Total expense Net operating income 0 $

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