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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

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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: In May, the company budgeted for 482 guests and 187 jeeps. The company's income statement showing the actual results for the month appears below. Cryan leep Tours Incone statenent for the Booth Ended May 31 Actual guests Actual jeeps Revenue Expenses : Tour guide wages Vehicle expenses Adeinistratlve expenses Total expense Net operating Incone Required: Prepare a report showing the companys revenue and spending variances for May. Label each variance as favorable (F) or unfavorable (U) (Indicate the effect of each voriance by selecting " F " for fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero voriance), input all omounts os positive volues.)

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