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A company operates sight-seeing buses. Management has identified two cost drivers-the number of buses in operation and the number of passengers served -that it uses in its budgeting and performance reports. Data concerning the company's cost formulas appear below:
Fixed Cost per Month Cost per Bus Cost per Passenger
Vehicle operating costs $6,800 $476 $3
Advertising $2,500
Administrative costs $5,300 $38 $1.5
Insurance $3,900
Question 1: For example, vehicle operating costs should be $6,800 per month plus $476 per bus plus $3 per passenger. The company's sales revenue should average $32 per passenger. In July, the company operated 55 buses and served a total of 3,200 passengers. How much is the company's flexible budget operating income for July?
Multiple Choice
Option 1: $32,980
Option 2: $41,230
Option 3: $59,820
Option 4: $61,170
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