W Bruer Jeep Tours operates jeep 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 a jeep. Each jeep has one tour guide. The company uses the following data in its budgeting: Revenue Tour guide wages Vehicle expenses Administrative expenses Variable Fixed element element per Variable element per per month guest jeep $ 0 $ 191 $ 0 $ 0 $ 0 $ 174 $ 6,400 $ 3,500 $ 30 $ 16 $ 51 $ 0 In November, the company budgeted for 378 guests and 173 jeeps. The actual activity for the month was 388 guests and 154 jeeps. Required: Prepare a report showing the company's activity variances for November. 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.) Bruer Jeep Tours Activity Variances For the Month Ended November 30 Guests Jeeps Revenue Expenses Tour guide wages Vehicle expenses Administrative expenses Total expense Net operating income Flexible Budget Activity Variances Planning Budget 388 378 154 173 < Prev 34 of 34 Next >