6 Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity Ce.com drivers), namely guests and jeeps One vehidered in one tour on one day counts as a jeep Fachlephone tour guide. The company uses the following data in its budgeting Variate Fixed element Variable elementenent per peronth per quest Jeep Revenge $147 $ 0 Tour guide wages 50 SP 5 16 Vehicle expenses $ 4,900 $ 63 Administrative expenses 5 1.100 57 5. In May, the company budgeted for 467 guests and 167 jeep. The company's income statement showing the actual results for the month appears below 411 162 562.854 Cryan Jeep Tours The Statenet For the Month Ended May 31 Actual guests Actual jeeps Revenue Expenses: Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income 27.557 17.140 40. es 513,769 Required: Prepare a report showing the company's revenue and spending variances for MayLabel each variance as favorable For unfavorable (U) (Indicate the effect of each variance by selecting for favorable. "U" for unfavorable, and "None" for no effect the zero variance). Input all amounts as positive values.) Can Jeep Tours Revenue and Spending Variances For the Month Ended May 31 Actual Fooble Results Budget 477 162 162 Revenue and Spending Variances Jeape Required: Prepare a report showing the company's revenue and spending variances for May. Label ench variance as favorable for unfavorable (U). Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None' for no effectie, zera variance). Input all amounts as positive values.) Cryan Jeep Tours Revenue and Spending Variances For the Months Ended May 11 Actual Flexible Revenue and Results Budget Spending Vrance G 477 472 Jens 162 162 Run Expo Tour de WDS Adve po TO Nel come