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.)
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