Icicle bay tours operates day tours of coastal glaciers in

Assignment Help Accounting Basics

Reference no: EM13579701

Icicle Bay Tours operates day tours of coastal glaciers in Alaska on its tour boat the Emerald Glacier. Management has identified two cost drivers%u2014the number of cruises and the number of passengers%u2014that 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%u2019s 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%u2019s sales should average $28.00 per passenger. The company%u2019s planning budget for August is based on 58 cruises and 3,200 passengers.

Required:

Complete the company%u2019s planning budget for August. (Input all amounts as positive values. Omit the "$" sign in your response.)

Icicle Bay Tours Planning Budget For the Month Ended August 31
Revenue	$

Expenses:
Vessel operating costs
Advertising
Administrative costs
Insurance

Total expense

Net operating income	$

Reference no: EM13579701

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