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Cryan 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:

	Fixed element per month			Variable element per guest			Variable element per jeep
Revenue	$	0		$	207		$	0
Tour guide wages	$	0		$	0		$	162
Vehicle expenses	$	5,500		$	14		$	69
Administrative expenses	$	2,000		$	13		$	0

In May, the company budgeted for 492 guests and 197 jeeps. 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		507
Actual jeeps		192
Revenue	$	82,854
Expenses:
Tour guide wages		32,357
Vehicle expenses		20,140
Administrative expenses		7,388
Total expense		59,885
Net operating income	$	22,969

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.)

Cryan Jeep Tours
Revenue and Spending Variances
For the Month Ended May 31
	Actual Results	Flexible Budget	Revenue and Spending Variances
Guests	507	507
Jeeps	192	192
Revenue
Expenses:
Tour guide wages
Vehicle expenses
Administrative expenses
Total expense
Net operating income

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