2. Tervo 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: Fixed cheat Variable de porth $101 Variable element por jo Revenue Tour guide wape Vehicle expenses... Administrative expenses....... $4.900 $1,000 $136 $57 so In March, the company created a planning budget based upon 492 guests and 165 jeeps. The company's income statement showing the actual results for the month appears below: Tena Jeep Tours For the Month Eaded March 31 Actual goals 497 Actual jeeps....... 163 .... Revenue... $49.067 Expenses Tour guide wages 21,858 Vehicle expenses 17,917 Administrative expenses 2014 Total expense 241.789 Net operating in 5172778 Prepare a flexible budget performance report showing the company's revenue and spending variances for March. Label each variance as favorable (F) or unfavorable (U)