ABC Company operates bus trips around Whistler. The company bases its budgets on two measures of activity (i.e.. cost drivers). namely guests and buses. One bus used in one trip on one day counts as a bus. Each bus has one operator. The company uses the following data in its budgeting: Variable amount per bus Revenue Operator wages Vehicle expenses Administrative expenses Fixed amount per month $ $ $ 6,380 $ 2, Bee Variable amount per guest $ 287 $ @ $ 22 $ 21 $ $ $ $ 154 77 In January, the company budgeted for 532 guests and 237 buses. The company's income statement showing the actual results for the month appears below: 547 232 $122,854 ABC Company Income Statement For the Month Ended January 31 Actual guests Actual buses Revenue Expenses: Operator wages Vehicle expenses Administrative expenses Total expense Net operating income 38,757 24,140 11,388 74,285 $ 48,569 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 verlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero varlance). Input all amounts as positive values.) ABC Company Flexible Budget Performance Report For the Month Ended May 31 Actual Flexible Results Budget 547 232 232 Flexible Budget Variance 547 Guests Buses Revenue Expenses Operator wages Vehicle expenses Administrative expenses Total expense Net operating income