Velazques Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Velazques Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (i.e., cost drivers), namely guests and jeeps. One vehicle used in one tour on one day counts as a jeep. Each jeep has one tour guide. The company uses the following data in its budgeting Fixed Variable Variable element element element per month per guest per jeep Revenue Tour guide wages Vehicle expenses Administrative expenses $0 $97 $ 0 $ 0 $4,300 $ 4 $1,300 $1 $102 $ 63 In March, the company budgeted for 363 guests and 133 jeeps. The company's income statement showing the actual results for the month appears below Velazques Jeep Tours Income Statement For the Month Ended March 31 Actual guests Actual jeeps 356 135 34,472 Revenue Expenses: 13,520 Tour guide wages 14,349 Vehicle expenses
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!
