Icicle Bay Tours operates day tours of coastal glaciers in Alaska on - 17493

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yousafbhutta

yousafbhutta

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  • From: Business,
  • Posted on: Fri 31 May, 2013
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Request Description

Icicle Bay Tours operates day tours of coastal glaciers in Alaska on its tour boat the Emerald 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 Month
Cost per
Cruise
Cost per  
Passenger
  Vessel operating costs $ 6,800    $ 475.00    $ 3.50     
  Advertising $ 2,700           
  Administrative costs $ 5,800    $ 36.00    $ 1.80     
  Insurance $ 3,600           

 

For example, vessel operating costs should be $6,800 per month plus $475.00 per cruise plus $3.50 per passenger. The company’s sales should average $28.00 per passenger. The company’s planning budget for August is based on 58 cruises and 3,200 passengers.

 

Required:

Complete the company’s planning budget for August. (Input all amounts as positive values. Omit the "$" sign in your response.)

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