TB Problem u. 9-422 Cryan Jeep Tours operates jeep tours. Cryon Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two mensures of activity. cost drivers, namely guests and jeep One vehicle used to 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 Fixed element Variable element element per month per guest Revenue per cep $ $ 297 $0 Tour guide wages $ $0 $ 153 Vehicle expenses $ 6,400 $ 23 $ 78 Administrative expenses $ 2,900 $ 22 $ In May, the company budgeted for 537 guests and 242 jeeps. The company's income statement showing the actual results for the month opears below Cryan Jeep Tours Income Statenent For the Month Ended May 31 Actual guests 552 Actual jeeps 237 Revenue $127,854 Expenses: Tour guide wages 39,557 Vehicle expenses 24,640 Administrative expenses 11.888 Total expense 70.005 Net operating Incone 51,769 Required: Papere a report showing the company's revenue and spending variances for May Label each variance as favorable for untavorable us tincicate the effect of each variance by witing for favorable, U for unfavorable, and "None for no effect.ro varianco). Input all amounts as positive values.) Answer is complete but not entirely correct. Cryan Jeep Tours Revenue and Spending Variances For the Month Ended May 31 Actual Flexible Revenue and Results Spending Budget Variances Guess 562 552 Jeeps 237 237 Revenue $127.154$ 163,044 $ 35,000 IU Expenses Tour guide wa 39 557 36261 3.lu Vehicle pense 24 540 37.682 12,042 Administrative expenses 11.888 16.00 1,052 Total expense 76085 90,783 14,690F Niet operating income $ 51,76 5 73.161 S 21.02 U