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:

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 flexible budget 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.)

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 flexible budget 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.)