Boyne University offers an extensive continuing education program in many cities throughout the state. For the convenience of its faculty and administrative staff and to save costs, the university operates a motor pool. The motor pools monthly planning budget is based on operating 19 vehicles; however, for the month of March the university purchased one additional vehicle. The motor pool furnishes gasoline, oil, and other supplies for its automobiles. A mechanic does routine maintenance and minor repairs. Major repairs are performed at a nearby commercial garage.

The following cost control report shows actual operating costs for March of the current year compared to the planning budget for March.

Boyne University Motor Pool Cost Control Report For the Month Ended March 31
	March Actual			Planning Budget			(Over) Under Budget
Miles		57,300			49,300
Autos		20			19
Gasoline	$	5,800		$	5,423		$	(377	)
Oil, minor repairs, parts		5,275			4,930			(345	)
Outside repairs		820			646			174
Insurance		1,450			1,330			(120	)
Salaries and benefits		8,610			8,610			0
Vehicle depreciation		3,900			3,705			(195	)
Total	$	25,855		$	24,644		$	(1,211	)

The planning budget was based on the following assumptions:

1. $0.11 per mile for gasoline.
2. $0.10 per mile for oil, minor repairs, and parts.
3. $34 per automobile per month for outside repairs.
4. $70 per automobile per month for insurance.
5. $8,610 per month for salaries and benefits.
6. $195 per automobile per month for depreciation.

The supervisor of the motor pool is unhappy with the report, claiming it paints an unfair picture of the motor pools performance.

Required:

1. Complete the performance report for March based on a flexible budget that shows spending variances. (Round "per mile" answers to 2 decimal places. 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.)

Boyne University Motor Pool
Spending Variances
For the Month Ended March 31
	Planning Budget Assumptions		Actual Results	Flexible Budget	Spending Variances
Miles			57,300
Autos			20
Gasoline		per mile	$5,800
Oil, minor repairs, parts		per mile	5,275
Outside repairs		per automobile	820
Insurance		per automobile	1,450
Salaries and benefits		per month	8,610
Vehicle depreciation		per automobile	3,900
Total			$25,855	$0