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Boyne University offers an extensive continuing education program in numerous cities. For the convenience of its faculty and administrative staff and to save costs, the

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Boyne University offers an extensive continuing education program in numerous cities. For the convenience of its faculty and administrative staff and to save costs, the university operates a motor pool. The motor pool's monthly planning budget is based on operating 23 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 foltowing cost control report shows actual operating costs for March compared to that month's planning budget: The planning budget was based on the following assumptions: The planning budget was based on the following assumptions: a. $0.21 per mile for gasoline. b. $010 per mile for oit, minor repairs, and parts. c. \$26 per automobile per month for outside repairs. d. \$62 per automobile per month for insurance. e. $8,610 per month for salaries and benefits. i. $187 per automobile per month for depreciation. The' supervisor of the motor poot is unhappy with the report, ciaiming it paints an unfalr picture of the motor pool's pertormance Required: 1. Calculate the spending variances for March. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect li.e. zero variance). Input all omounts as positive values. The supervisor of the motor pool is unhappy with the report, claiming it paints an unfair picture of the motor poofs performance. Required: 1. Calculate the spending variances for March. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all omounts as positive values

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