Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockles. The company bases its budgets on two measures of activity (le, 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: Variable element per quest $137 $ 0 Fixed element per month $0 $0 $4,800 $1,300 Revenue Tour guide wages Vehicle expenses Administrative expenses Variable element per Jeep $ 0 5 169 62 $ 0 $ 6 In May, the company budgeted for 457 guests and 162 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 questo Actual jeepa Expenses Tour guide wages 26,757 Vehicle expenses 16.640 Administrative expenses 3.BBB Total expense 42205 Het operating income $12,569 472 153 559,854 Revenue 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 (le, zero variance). Input all amounts as positive values.) 3. Chapters 1 thru 9 0 Saved 5 Vehicle expenses Administrative expenses Total expense Net operating income 16,640 3,888 47,285 $12,569 Required: Prepare a report showing the company's revenue and spending variances for May. Lal (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfav variance). Input all amounts as positive values.) 1:05:44 Book Revenue and Spending Variances Cryan Jeep Tours Revenue and Spending Variances For the Month Ended May 31 Actual Flexible Results Budget Guests 472 472 Jeeps 157 157 Revenue Expenses Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income