I need help with this one! Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management hasidentified two cost drivers-the number of cruises and the number of passengers-that it uses in its budgeting andperformance reports. The company publishes a schedule of day cruises that it may supplement with special sailings ifthere is sufficient demand. Up to 85 passengers can be accommodated on the tour boat. Data concerning the companycost formulas appear below:FixedCost perCost perCost perMonthCruisePassenger$ 6,800 $ 480.00$ 2,600$ 5,600$ 3,300$ 3.40Vessel operating costsAdvertisingAdministrative costs$ 38.00$ 1.50InsuranceFor example, vessel operating costs should be $6,800 per month plus $480.00 per cruise plus $3.40 per passenger. Thecompany's sales should average $34.00 per passenger. In July, the company provided 59 cruises for a total of 3,100passengers.Required:Prepare the company's flexible budget for July.Alyeski ToursFlexible BudgetFor the Month Ended July 31RevenueExpenses:Vessel operating costsAdvertisingAdministrative costsInsuranceTotal expenseNet operating income$< Prev5 of 8Next >

The forecast made for future revenues and expenses which is expected to be changed with change in…

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 cost formulas appear below: Fixed Cost per Cost per Cost per Month Cruise Passenger $ 3.40 Vessel operating costs Advertising Administrative costs $ 6,800 $ 480.00 $ 2,600 $ 5,600 $ 3,300 $ 38.00 $ 1.50 Insurance For example, vessel operating costs should be $6,800 per month plus $480.00 per cruise plus $3.40 per passenger. Th company's sales should average $34.00 per passenger. In July, the company provided 59 cruises for a total of 3,100 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 $

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 cost formulas appear below: Fixed Cost per Cost per Cost per Month Cruise Passenger $ 3.40 Vessel operating costs Advertising Administrative costs $ 6,800 $ 480.00 $ 2,600 $ 5,600 $ 3,300 $ 38.00 $ 1.50 Insurance For example, vessel operating costs should be $6,800 per month plus $480.00 per cruise plus $3.40 per passenger. Th company's sales should average $34.00 per passenger. In July, the company provided 59 cruises for a total of 3,100 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 $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management identified two cost drivers for budgeting purposes-the number of cruises and the number of passengers. 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 $6,500 per month plus $475.00 per cruise plus $3.10 per passenger. The company's sales should average $34.00 per passenger. In July, the company provided 57 cruises for a total of 3,150 passengers. Required: Prepare the company's flexible budget for July. Revenue Expenses: Fixed Cost per Cost per Month Cruise $6,500 $475.00 $ 2,100 $ 5,700 $31.00 $ 3,500 Alyeski Tours Flexible Budget For the Month Ended July 31 Vessel operating…
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 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…
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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: 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…
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…
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 iours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management nas 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: Cost per Cost per Passenger $ 3.00 Fixed Cost per Month Vessel operating costs $ 6,300 Cruise $ 475.00 Advertising $ 2,700 Administrative costs Insurance $ 5,700 $ 3,300 $ 31.00 $ 1.50 For example, vessel operating costs should be $6,300 per month plus $475.00 per cruise plus $3.00 per passenger. The company's sales should average $31.00 per passenger. In July, the company provided 54 cruises for a total of 3,150 passengers. Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible…