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		$	277		$	0
Tour guide wages	$	0		$	0		$	155
Vehicle expenses	$	6,200		$	21		$	76
Administrative expenses	$	2,700		$	20		$	0

In May, the company budgeted for 527 guests and 232 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		542
Actual jeeps		227
Revenue	$	117,854
Expenses:
Tour guide wages		37,957
Vehicle expenses		23,640
Administrative expenses		10,888
Total expense		72,485
Net operating income	$	45,369

Required:

Prepare a report showing the company's revenue and spending variances for May. Label each variance as favorable (F) or unfavorable (U).