answer with working , explanation , formula with steps answer in text please show coaculation for numbers thanks Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management has identified two costdrivers-the number of cruises and the number of passengers-that it uses in its budgeting and performance reports. The companypublishes a schedule of day cruises that it may supplement with special sailings if there is sufficient demand. Up to 80 passengers canbe accommodated on the tour boat. Data concerning the company's cost formulas appear below:Vessel operating costsAdvertisingAdministrative costsInsuranceFixed Cost Cost perper Month Cruise$ 5,200$ 480.00$ 1,700$ 4,300$ 24.00$ 2,900For example, vessel operating costs should be $5,200 per month plus $480 per cruise plus $2 per passenger. The company's salesshould average $25 per passenger. In July, the company provided 24 cruises for a total of 1,400 passengers.Required:Prepare the company's flexible budget for July.Alyeski ToursFlexible BudgetFor the Month Ended July 311Actual cruisesActual passengersRevenueExpenses:Vessel operating costsAdvertisingCost perPassenger$ 2.00$ 1.00241,400Required:Prepare the company's flexible budget for July.Alyeski ToursFlexible BudgetFor the Month Ended July 31Actual cruisésActual passengersRevenueExpenses:Vessel operating costsAdvertisingAdministrative costsInsuranceTotal expenseNet operating income$241,40000

A budget that is prepared for varying activity levels, capacity utilization, or output volumes is…

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: Vessel operating costs Advertising Administrative costs Insurance Fixed Cost Cost per per Month Cruise $5,200 $ 480.00 $ 1,700 $ 4,300 $ 24.00 $ 2,900 Cost per Passenger $2.00 $ 1.00 For example, vessel operating costs should be $5,200 per month plus $480 per cruise plus $2 per passenger. The company's sales should average $25 per passenger. In July, the company provided 24 cruises for a total of 1,400 passengers. Required: Prepare the company's flexible budget for July

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: Vessel operating costs Advertising Administrative costs Insurance Fixed Cost Cost per per Month Cruise $5,200 $ 480.00 $ 1,700 $ 4,300 $ 24.00 $ 2,900 Cost per Passenger $2.00 $ 1.00 For example, vessel operating costs should be $5,200 per month plus $480 per cruise plus $2 per passenger. The company's sales should average $25 per passenger. In July, the company provided 24 cruises for a total of 1,400 passengers. Required: Prepare the company's flexible budget for July

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 20M

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es 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: Vessel operating costs Advertising Administrative costs Insurance Fixed Cost per Month $ 5,200 $1,700. $ 4,300 $ 2,900 Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible Budget Cost per Cruise $480.00 $ 24.00 For example, vessel operating costs should be $5,200 per month plus $480 per cruise plus $2 per passenger. The company's sales should average $25 per passenger. In July, the company provided 24 cruises for a total of 1,400 passengers. Cost per Passenger $ 2.00 $ 1.00
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 85 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Vessel operating costs Advertising Administrative costs Insurance Required: Prepare the company's flexible budget for July. Fixed Cost per Month $ 6,300 $ 2,500 $ 5,900 $ 3,400 For example, vessel operating costs should be $6,300 per month plus $477.00 per cruise plus $3.10 per passenger. The company's sales should average $30.00 per passenger. In July, the company provided 57 cruises for a total of 3,200 passengers. Alyeski Tours Flexible Budget For the Month Ended July 31 Revenue Expenses: Vessel operating…
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 83 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Vessel operating costs Advertising Administrative costs Insurance For example, vessel operating costs should be $6,100 per month plus $476.00 per cruise plus $3.50 per passenger. The company's sales should average $32.00 per passenger. In July, the company provided 55 cruises for a total of 3,100 passengers. Fixed Cost Cost per Cost per per Month Cruise Passenger $ 6,100 $476.00 $ 3.50 $ 2,100 $ 1.50 $ 5,500 $ 35.00 $ 4,000 Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible…
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 82 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Vessel operating costs Advertising Administrative costs Insurance Fixed Cost Cost per per Month Cruise $ 6,200 $ 476.00 $31.00 For example, vessel operating costs should be $6,200 per month plus $476.00 per cruise plus $3.40 per passenger. The company's sales should average $33.00 per passenger. In July, the company provided 56 cruises for a total of 3,100 passengers. Required: Prepare the company's flexible budget for July. Revenue Expenses: $ 2,000 $ 5,700 $ 3,300 Alyeski Tours Flexible Budget For the…
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 87 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Vessel operating costs Advertising Administrative costs Insurance For example, vessel operating costs should be $6,200 per month plus $473.00 per cruise plus $3.20 per passenger. The company's sales should average $29.00 per passenger. In July, the company provided 59 cruises for a total of 3,150 passengers. Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible Budget For the Month Ended July 31 Revenue Expenses: Fixed Cost Cost per per Month Cruise $ 473.00 Vessel operating costs…
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 84 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Vessel operating costs Advertising Administrative costs Insurance Fixed Cost per Cost per Cost per Month Cruise $ 6,500 $ 479.00 $ 2,900 Passenger $ 3.00 $ 5,300 $ 30.00 $ 3,400 $ 1.50 For example, vessel operating costs should be $6,500 per month plus $479.00 per cruise plus $3.00 per passenger. The company's sales should average $31.00 per passenger. In July, the company provided 57 cruises for a total of 3,200 passengers. Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible…
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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 88 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Vessel operating costs Advertising Administrative costs Insurance Fixed Cost per Cost per Month $ 6,400 Cruise $ 479.00 Cost per Passenger $ 3.40 $ 2,900 $ 5,700 $ 3,800 $ 38.00 $ 1.50 For example, vessel operating costs should be $6,400 per month plus $479.00 per cruise plus $3.40 per passenger. The company's sales should average $32.00 per passenger. In July, the company provided 50 cruises for a total of 3,150 passengers. Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible…
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 86 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Cost per Passenger $ 3.20 Fixed Cost per Month $ 6,500 $ 2,800 $ 5,400 $ 3,700 Cost per Cruise $ 471.00 Vessel operating costs Advertising Administrative costs $ 40.00 $ 1.50 Insurance For example, vessel operating costs should be $6,500 per month plus $471.00 per cruise plus $3.20 per passenger. The company's sales should average $31.00 per passenger. In July, the company provided 57 cruises for a total of 3,000 passengers. Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible…
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 81 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Fixed Cost Cost per Cost per per Month $ 6,400 $ 2,900 $ 5,900 $ 3,200 Cruise Passenger $ 3.40 $ 475.00 Vessel operating costs Advertising Administrative costs $ 38.00 $ 1.50 Insurance For example, vessel operating costs should be $6,400 per month plus $475.00 per cruise plus $3.40 per passenger. The company's sales should average $30.00 per passenger. In July, the company provided 57 cruises for a total of 3,100 passengers. Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible…
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 Cost per Cost per Month Cruise Passenger 5,200 480.00 Vessel operating costs $ $ $2.00 Advertising $1,700 4,300 24.00 Administrative costs $ $ $ 1.00 2,900 Insurance $ For example, vessel operating costs should be $5,200 per month plus $480 per cruise plus $2 per passenger. The company's sales should average $25 per passenger. The company's planning budget for July is based on 24 cruises and 1,400 passengers. Required: Complete the company's planning budget for July.
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 88 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Cost per Passenger $ 3.30 Fixed Cost per Month Vessel operating costs $ 6,100 Cost per Cruise $ 474.00 $ 2,300 Administrative costs $ 5,800 $ 3,900 $ 30.00 $ 1.50 Advertising Insurance For example, vessel operating costs should be $6,100 per month plus $474.00 per cruise plus $3.30 per passenger. The company's sales should average $29.00 per passenger. In July, the company provided 59 cruises for a total of 3,000 passengers. Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible…