Net MBTN Save Other Boe Help Save & Exit Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (ie., cost drivers), namely guests and jeeps. One vehicle used in one tour on one day counts as a jeen Each jeep has one tour guide. The company uses the following data in its budgeting; Variable Fixed element element Variable element per month per quest Revenge per Jeep $ 0 $ 137 Tour guide wages $ $ 0 $ 0 $ 169 Vehicle expenses $ 4,800 $ 7 $ 62 Administrative expenses $ 1,300 $ 6 $ 0 In May, the company budgeted for 457 guests and 162 jeeps. The company's income statement showing the actual results for the month appears below: 472 152 $59,854 Cryan Jeep Tours Income Statement For the Month Ended May 31 Actual guests Actual jeeps Revenue Expenses: Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income 26,757 16,640 3.888 47,285 $12,569 Required: Prepare a report showing the company's revenue and spending variances for May, Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Cryan Jeep Tours