Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (.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: Variable Variable Fixed element element per element per per month guest jeep Revenue $0 $ 227 50 Tour guide wages $0 SO $ 160 Vehicle expenses $ 5.700 $ 16 $71 Administrative expenses $ 2,200 $ 15 $0 In May, the company budgeted for 502 guests and 207 jeeps. The company's income statement showing the actual results for the month appears below: 517 202 $ 92,054 Cryan Jeep Touro Income Statement For the Month Ended May 31 Actual guests Actual jeeps Hevenue Expenses: Tour guide wagen Vehicle expenses Administrative expenses Total expense Het operating income 33,957 21, 140 8388 63,485 $ 29,369 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 Sponding Variances Guests Jeeps Revenue 517 202 517 202 + Expenses: Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income