hottie jeep tours operates jeep tours in the heart of colorado rockies the company bases its budgets on two measures of activity namely guests and jeeps one vehicle used in one tour on one day cohnts as a jeep each jeep has one tour guide.the campany uses the following data in its bugetinv

Hottie Jeep Tours operates pep tours in the heart of the Colorado Roces. The company bases its budgets on two measures of activity le., ostversamely guests and joeps. One veide 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 Variable Variable element per cent perment per mon Vehicle expenses Administrative expenses In February, the company budgeted for 351 guests and 151 jeeps. The company's income statement Income Sweet For the Month Ended February 28 Nominative expenses Net operating income Required: Prepare a fexble budget performance report showing both the company's activity variances and revenue favorable (Flur favorable (Ujer "None Required: Prepare a exibe budget performance report showing both the company's activity variances and revenue and spending vances for February Selecteach variance as favorite Funfavor of None Pen Home Jeep Tours g e Performance Report Part 1 For the Month Ended February 28 Actual Revenue and Spending Budget Hottie Jeep Tours Faible Rurnet Performance Report Part 2 Total expenses Net operating income Hottie Jeep Tours Flexible Budget Performance Report Part 2 For the Month Ended February 28 Flexible Budget Activity Variances Planning Budget Guests Jeeps Expenses Total expenses Net operating income Hottle Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (.e., cost drivers), nam counts as a jeep. Each jeep has one tour guide. The company uses the following data in its budgeting: Revenue Tour guide wages Vehicle expenses Administrative expenses Fixed Variable Variable element per element per element per month guest Jeep $ 0 $ 151 $ 0 0 $ 0 $ 171 $ 4.100 $ 4 $ 65 $ 1.200 S 25 0 382 158 In February, the company budgeted for 351 guests and 151 jeeps. The company's income statement showing the actual results for the month appears below: Hottie Jeep Tours Income Statement For the Month Ended February 28 Actual guests Actual oops Revenue $ 56872 Expenses Tour guide wages 26.665 Vehicle expenses 15.646 Administrative expenses 2.000 Total expense 44,311 Net operating income $ 12561 Required: Prepare a flexible budget performance report showing both the company's activity variances and revenue and spending variances for February. Select each va Net operating income 12,561 Required: Prepare a flexible budget performance report showing both the company's activity variances and revenue and spending variances for Fe Hottle Jeep Tours Flexible Budget Performance Report Part 1 For the Month Ended February 28 Actual Revenue and Results Spending Variances Flexible Budget Guests Jeeps Expenses Total expenses Net operating income Hottle Jeep Tours Flexible Budget Performance Report Part 2 For the Month Ended February 28 Flexible Budget Activity Variances Planning Budget Total expenses Net operating income Hottle Jeep Tours Flexible Budget Performance Report Part 2 For the Month Ended February 28 Flexible Budget Activity Variances Planning Budget Guests Jeeps Expenses Total expenses Net operating income