Hislop Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers), namely student and course. The school uses the following data in its budgeting: In June, the school budgeted for 1,910 students and 111 courses. The school's income statement showing the actual results for the month appears below: Required: Prepare a report showing the school's revenue and spending variances for June. Label each variance as favorable (F) or unfavorable (U)