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Please help my HW! Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income Cryan Jeep Tours operatesjeep tours in the heart of

Please help my HW!

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Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income Cryan Jeep Tours operatesjeep 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 ajeep. Each jeep has one tour guide, The company uses the following data in its budgeting: Variable Fixed element Variable element element per month per guest per jeep Revenue $ 8 $277 $ 8 Tour guide wages $ 9 $ 8 $155 Vehicle expenses $ 6,286 $ 21 $ 76 Administrative expenses $ 2,738 $ 28 $ 8 In May, the company budgeted for 527 guests and 232jeeps, The company's income statement showing the actual results for the month appears below: Cryan Jeep Tours Income Statement For the Month Ended May 31 Actual guests 542 Actual jeeps 227 Revenue $117, 854 Expenses: Tour guide wages 37,957 Vehicle expenses 23,649 Administrative expenses 18,888 Total expense 72,485 Net operating income $ 45,369 I Required: 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.)

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