A company operates jeep tours in the heart of the Canadian 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 elementper monthVariable elementper guestVariable element per jeepRevenue$$0$ $$227$ $$0$ Tour guide wages$$0$ $$0$ $$160$ Vehicle expenses$$5,700$ $$16$ $$71$ Administrative expenses$$2,200$ $$15$ $$0$ In May, the company budgeted for $502$ guests and $207$ jeeps. The company's income statement showing the actual results for the month appears below: Income StatementFor the Month Ended May $31$Actual guests $517$Actual jeeps $202$Revenue$$92,854$Expenses: Tour guide wages $33,957$Vehicle expenses $21,140$Administrative expenses $8,388$Total expense $63,485$Net operating income$$29,369$ Required:Prepare a report showing the company's flexible budget 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 $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values.$)$