Saved Help Revenue Tour guide wages Vehicle expenses Administrative expenses Fixed Variable Variable element per element per element per month guest jeep 50 $ 272 50 $0 50 $ 155 $ 6,200 $ 21 $ 76 $ 2,700 $ 20 55 In May, the company budgeted for 527 guests and 232 jeeps. The company's income statement showing the actual results for the month appears below: 542 227 $ 117,854 Cryan Jeep Tours Income Statement For the Month Inded May 1 Actual guests actual jeeps Revenue Expenses Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income 37,957 23,640 10, 880 72,485 $ 45,369 Required: Prepare a report showing the company's revenue and spending varionces for May. Label each variance as favorable (7) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Cryan Jeep Tours Revenue and Spending Variances For the Month Ended May 31 Actual Results Flexible Budget Revenue and Spending Variances