5 Otomo Jeep Tours operates jeep Tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (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: Havenue Tour guide wages Vehicle expenses Administrative experten Variable Fixed went Variablu wont element per per month per quest Jeon SO $ 95 $ $ 0 $ 0 105 $ 4,000 $ 7 $ 62 $ 1.600 5 1 $ 0 In July, the company budgeted for 366 guests and 136 Jeeps. The company's income statement showing the actual results for the month appears below: 154 1:38 $33,570 Oton Jeep Tours Income statement For the Month Endell July 31 Actual guests Actual jeeps Revenge Expenses Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income 14,240 14.374 1.954 39,568 $ 3.002 Required: Prepare a report showing the company's activity vanances for July 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 effectie, zero variance). Input all amounts as positive values.) Olomo Jeep Tours Activity Variances For the Month Ended July 31 Flexible Planning Budget Budget 354 366 58 13 Activity Variances Guests Jeep Revenue Total expense Net operating income 33,568 $ 3,902 Required: Prepare a report showing the company's activity variances for July Label each vanance as favorable (F) or unfavorable (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect fie, zero variance). Input all amounts as positive values.) Otomo Jeep Tour Activity Variances For the Month Ended July 31 Flexible Planning Activity Budget Budget Variances Guts 354 356 Joops 138 136 Rever Expenses Tours Vehicles Admitive expenses totales Notting