In May, the company budgeted for 517 guests and 222 jeeps. The company's income statement showing the actual results for the month appears below: Actual guests Actual jeeps Revenue Expenses: Tour guide wages Vehicle expenses Cryan Jeep Tours Income Statement For the Month Ended May 31 Administrative expenses Total expense Net operating income Required: 532 217 $ 107,854 36,357 22,640 9,888 68,885 $ 38,969 Prepare a report showing the company's revenue and spending variances for May. Label each variance as favorable (F) or unfavorable (U) (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Cryan Jeep Tours Revenue and Spending Variances For the Month Ended May 31 4 Guests Jeeps Revenue Expenses Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income Actual Results Flexible Budget Revenue and Spending Variances 532 217 532 217