Fun Jeep Tours operates jeep tours in the heart of the Tennessee Smokey Mountains. 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 clement pcr jccp $0 $130 $50 $0 Variable element per guest $0 S0 $3,600 $2,100 Revenue $132 $0 $9 $1 Administrative expenses In July, the company budgeted for 430 guests and 210 jeeps. The actual activity for the month was 415 guests and 205 jeeps Required: Prepare a report showing the company's activity variances for July. Label each variance as favorable (F) or unfavorable (U). Use Exhibit 9-6 on page 419 as an example