Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (i.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 Fixed Variable element per element per month $ 0 $ 0 guest $ 317 $ 0 Variable element per jeep $ 0 $ 151 Tour guide wages Vehicle expenses Administrative expenses $ 6,600 $ 3,100 $ 25 $ 24 $ 80 $ 0 In May, the company budgeted for 547 guests and 252 jeeps. The company's income statement showing the actual results for the month appears below: Actual guests Actual jeeps Cryan Jeep Tours Income Statement For the Month Ended May 31 Revenue Expenses: Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income Required: 562 247 $ 137,854 41,157 25,640 12,888 79,685 $ 58,169 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.) Guests Jeeps Revenue Cryan Jeep Tours Revenue and Spending Variances For the Month Ended May 31 Actual Results Flexible Budget 562 562 247 247 Revenue and Spending Variances Expenses: Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income