Case 9-25 (Algo) Critiquing a Report; Calculating Spending Varlances [LO9-3, LO9-5] Boyne University offers an extensive continuing education program in many cltes throughout the state. For the convenlence of its faculty and administratlve staff and to save costs, the unlversity 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, oll, and other supplies for its automoblles. A mechanic does routine maintenance and minor repalrs. Major repalrs are performed at a nearby commerclal garage. The following cost control report shows actual operating costs for March of the current year compared to the planning budget for March. The planning budget was based on the following assumptions: a. \$0.19 per mile for gasoline. b. $0.08 per mile for oll, minor repairs, and parts. c. $43 per automobile per month for outside repalrs. d. $78 per automobile per month for Insurance. e. $8,610 per month for salarles and benefits. f. $203 per automobile per month for depreciation. The supervisor of the motor pool is unhappy with the report, claiming it paints an unfalr picture of the motor pool's performance. Required: 1. Calculate the spending varlances for March. (Indicate the effect of each varlance by selecting "F" for favorable, "U" fo unfavorable, and "None" for no effect (1.e. zero variance). Input all amounts as positive values.)