Hottle Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (i.e., cost drivers), namely guests and jeeps. One vehicle used in one tour on one day counts as a jeep. Each jeep has one tour guide. The company uses the following data in its budgeting:

Prepare a report showing the compnay?s revenue and spending variances for February. (Indicate the effect of each variances by selecting ?F? for favorable, ?U? for unfavorable )

Revenue Tour guide wages Vehicle expenses Administrative expenses Fixed element per month $0 $0 $ 5,000 $ 2,000 Variable element per guest S 95 S 0 SA 4 S 1 Variable element per jeep $ SA SA $ SA $ SA 0 109 56 0 In February, the company budgeted for 370 guests and 140 jeeps. The company's income statement showing the actual results for the month appears below: Hottle Tours Income Statement For the Month Ended February 28 Actual guests Actualjeeps Revenue Expenses: Tour guide wages Vehicle expenses Administrative expenses Jeep Total expense 362 142 $ 34,330 15,228 14,520 2,362 32,110 Net operating income $ 2,220