Clark Company's master budget includes $$300,000$ for equipment depreciation. The master budget was prepared for an annual

volume of $75,000$ chargeable hours. This volume is expected to occur uniformly throughout the year. During September, Clark

performed $5,500$ chargeable hours and recorded $$21,500$ of depreciation.

Required:

Determine the flexible$-$budget amount for equipment depreciation in September.

Compute the spending variance for the depreciation on equipment. Was the variance favorable $($F$)$ or unfavorable $($U$)?($Leave no

cell blank; if there is no effect enter $"0"$ and select "None" from dropdown.$)$

Calculate the fixed overhead production volume variance for depreciation expense in September. Was this variance favorable $($F$)$ or

unfavorable $($U$)?($Leave no cell blank; if there is no effect enter $"$O$"$ and select "None" from dropdown.$)$