Hottle 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 Variable Variable Fixed element per element per per month element guest jeep Revenue Tour guide wages Vehicle expenses Administrative expenses 0 $0 4 65 S 1,200 2 0 4,100 $ 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 Hottle Jeep Tours Income Statement For the Month Ended February 28 Actual guests Actual jeeps Revenue Expenses: 382 156 $ 56,872 Tour guide wages Vehicle expenses Administrative expenses 26,665 15,646 2,000 44,311 12.561 Total expense Net operating income Required Prepare a flexible budget performance report showing both the company's activity variances and revenue and spending variances for February. Select each variance as favorable (F), unfavorable (U) or "None