Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (.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: Revenue Tour guide wages Vehicle expenses Administrative expenses Variable Fixed element Variable element element per per month per guest Jeep $ 287 S @ $ 154 $6,300 $ 77 $ 2.800 In May, the company budgeted for 532 guests and 237 jeeps. The company's income statement showing the actual results for the month appears below: 547 232 $122,854 Cryan Jeep Tours Income 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 38,757 24,140 11,388 74,285 $48.569 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 effect (i.e., zero variance). Input all amounts as positive values.) Cryan Jeep Tours Revenue and Spending Variances For the Month Ended May 31 Actual Flexible Revenue and Results Budget Spending Variances Guests 547 547 Jeeps 232 232 Revenue T T Expenses: Tour guide wages I Vehicle expenses Administrative expenses Total expense Net operating income