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:

	Fixed element per month	Variable element per guest	Variable element per jeep
Revenue	$ 0	$ 287	$ 0
Tour guide wages	$ 0	$ 0	$ 154
Vehicle expenses	$ 6,300	$ 22	$ 77
Administrative expenses	$ 2,800	$ 21	$ 0

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:

Cryan Jeep Tours
Income Statement
For the Month Ended May 31
Actual guests	547
Actual jeeps	232
Revenue	$ 122,854
Expenses:
Tour guide wages	38,757
Vehicle expenses	24,140
Administrative expenses	11,388
Total expense	74,285
Net operating income	$ 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 Results	Flexible Budget	Revenue and Spending Variances
Guests	547	547
Jeeps	232	232
Revenue
Expenses:
Tour guide wages
Vehicle expenses
Administrative expenses
Total expense
Net operating income