Prepare company flexible budget for july for alyeski tour

Assignment Help Managerial Accounting
Reference no: EM132957549

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:

                                          Fixed Cost per Month                         Cost per Cruise                      Cost per Passenger
Vessel operating costs         $6,300                                         $471.00                              $3.10
Advertising $2,400
Administrative costs                 $5,600                                   $33.00                                  $1.50
Insurance $3,300

For example, vessel operating costs should be $6,300 per month plus $471.00 per cruise plus $3.10 per passenger. The company's sales should average $30.00 per passenger. In July, the company provided 60 cruises for a total of 3,200 passengers.

Required:

Problem 1: Prepare the company's flexible budget for July.

Reference no: EM132957549

Questions Cloud

Find how much will bob and carol have to save : Carol's best friend is planning a baby shower, How much will Bob and Carol have to save, assuming the baby is born exactly four years from today
What would the dividend yield as a percentage today : What would the dividend yield as a percentage (i.e., per dividend payment divided by the book value of a share of stock) today and a year from now
Explain what ally supervisor can do to assist : Ally Crawford is experiencing a miserable night at work again. The 58-year-old telemarketer is on her 21st phone call of the evening, but, so far, she has sold
Evaluating self-help authors : Think back to Week 4 when we learned about criteria for evaluating self-help authors and advice (and the questions you want to ask yourself or research the answ
Prepare company flexible budget for july for alyeski tour : Prepare company flexible budget for July for Alyeski Tour. The company publishes a schedule of day cruises that it may supplement with special sailings.
Prerequisite of authentic leadership : Critically discuss this statement with reference to academic literature and practical examples.
Transformed and utilized leadership style : An example of a leader who has successfully transformed and utilized this leadership style to increase their followers' performance.
Explain the main components of a manufacturer value chain : What is , and what are its potential benefits? What is the value chain? Describe, in sequence, the main components of a manufacturer's value chain.
Validity of selection interviews : Explain specifically how a behavioral interview improves the validity of selection interviews? Include the important details of the S.T.A.R. technique in the ex

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd