Check my w Boyne University offers an extensive continuing education program in many cities throughout the state. For the convenience of faculty and administrative staff and to serve costs, the university operates a motor pool. The motor pools may ing budgets based on operating 25 vehicles, however, for the month of March the university purchased one additional vehide. 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 your compared to the planning budget for March Boyne University Motor Pool Cost Control Report For the Month Ended March 31 over March Planning Under Actual Budget budget Mites 50,500 50,500 Autos 26 25 Gasoline $ 11,570 110.605 $945) dil, minor repairs, parts 5,35 5, ose Outside repairs 1. Insurance 2.120 (120) Salaries and benefits 8,610 vehicle depreciation 5.33 5.125 (205) Total $ 34, 125 $ 22,515 $ 11,810) The planning budget was based on the following assumptions 0345 (175) 1.125 2,000 1.610 $0 21 per mile for gasoline D $0.10 per mile for ol minor repairs and parts c. $45 per Automobile per month for outside repairs d. 580 per automobile per month for insurance e. $8,610 per month for salaries and benefits $205 per automobile per month for depreciation The supervisor of the motor pool is unhappy with the report claiming points an unfair picture of the motor poor's performance i enotn tof depreciation The supervisor of the motor pool is unhappy with the report, claiming It paints an unfair picture of the motor pool's performance, Required: 1 Calculate the spending variances for Morch. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect file., zero variance). Input all amounts as positive values.) Boyne University Motor Pool Spending Variances For the Month Ended March 31 Gasoline Oil, minor repairs, parts Outside repairs Insurance Salaries and boots Vehicle depreciation Total