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		$	177		$	0
Tour guide wages	$	0		$	0		$	165
Vehicle expenses	$	5,200		$	11		$	66
Administrative expenses	$	1,700		$	10		$	0

In May, the company budgeted for 477 guests and 182 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		492
Actual jeeps		177
Revenue	$	71,854
Expenses:
Tour guide wages		29,957
Vehicle expenses		18,640
Administrative expenses		5,888
Total expense		54,485
Net operating income	$	17,369

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.)

Cryan Jeep Tours
Flexible Budget Performance Report
For the Month Ended May 31
	Actual Results	Flexible Budget	Flexible Budget Variance
Guests	492	492
Jeeps	177	177
Revenue
Expenses:
Tour guide wages
Vehicle expenses
Administrative expenses
Total expense
Net operating income