Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two m activity (ie, cost drivers), namely guests and jeeps. One vehicle used in one tour on one day counts as a jeep. Each je guide. The company uses the following data in its budgeting: Revenue Tour guide wages Vehicle expenses Fixed element per month 50 Variable element per muest $177 Variable element per 50 $0 jeep $ 0 $165 $5,200 $1,700 $ 11 $ 66 $ 10 $ 0 Administrative expenses In May, the company budgeted for 477 guests and 182 jeeps. The company's income statement showing the actual re month appears below. 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 Required: 492 177 $ 71,854 29,957 18,640 5,888 54,485 $ 17,369 Prepare a report showing the company's revenue and spending variances for May. Label each variance as favorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no ef variance). Input all amounts as positive values.) Required: Prepare a report showing the company's revenue and spending variances for May. Label each variance as favorable (F (U) (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effec variance). Input all amounts as positive values.) Guests Jeeps Revenue Expenses Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income 492 177 BE 492 177 13