279.Pinion Memortai Diner is a charty supported by donations that provides free meals to the homeless. The diner's budget for August was based on 2,700 meals. The diner's director has provided the following cost formulas to use in budgets: Fixed Variable element element per month per meal $O $3.10 Groceries Kitchen operations$4,700 1.35 Administrative expenses $3,400 $0.40 Fundraising expenses .$1,800 $0.00 The director has also provided the diner's statement of actual expenses for the month: Pinion Memorial Diner Statement of Expenses For the Month Ended August 31 Actual meal.2,200 Groceries Kitchen operations Administrative expenses $6,530 8,470 4,320 Fundraising expenses 770 Total expense$21.090 Required: Prepare a report showing the spending variances for each of the expenses and for total expenses for August. Label each variance as favorable (F) or unfavorable (U)