Bruer Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (ie., 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: Variable element per Variable element per Fixed element per month guest $175 jeep $0 Revenue $0 $0 $0 $182 Tour guide wages Vehicle expenses $ 5,600 $ 17 $8 Administrative expenses $59 $0 $ 2,700 In November, the company budgeted for 362 guests and 157 jeeps. The actual activity for the month was 380 guests and 146 jeeps. Required: Prepare a report showing the company's activity variances for November. 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.) Bruer Jeep Tours Activity Variances For the Month Ended November 30 Flexible Budget Activity Variances Planning Budget Guests Jeeps Revenue $ 43,885 U Expenses: U F U U Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income 380 146 47,160 $ 362 157