TB Problem Qu$.9-416($Algo$)$ Cryan Jeep Tours operates jeep tours...

Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of

activity $[$l$.$e$.,$ cost drivers$],$ namely guests and jeeps. One vehicle used in one tour on one day counts as a jeep. Each jeep has ane tour

gulde. The compary uses the following data in its budgeting:

In May, the company budgeted for $527$ guests and $232$ Jeeps. The compary's income statement showing the actual results for the

month appears below:

Requlred:

Prepare a report showing the compary's revenue and spending varlances for May. Label each variance as favorable $($F$)$ or unfaworable

$($U$].[$indleate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($Le$.,$ zero

variance$).$ Input all amounts as positive values.$)$