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Check my work Cyan Jeep Tour operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of
Check my work Cyan Jeep Tour operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity to 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 Variable Pixed element clement per want per personth Revenue est See Tour guide was se 5207 5.0 Vehicle expenses 5162 $ 5.500 $ 14 5.69 Administrative expenses $ 2,000 So In May, the company budgeted for 492 guests and 197 jeeps. The company's income statement showing the actual results for the month appears below $ TO Cryan Jeep Tours Incon Statement For the Month Ended May 31 Actual guests Actual Jeeps Revenue Expenses Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income 507 192 $ 82,854 32,357 2e, 140 7,388 59,885 $ 22,969 Required: Prepare a report showing the company's revenue and spending 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 waffect (ie, zero variance). Input all amounts as positive values.)
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