Maple Leaf Production manufactures truck tires. The following information is available for the last operating period Maple Leaf produced and sold 92,000 tires for $47 each. Budgeted production was 96,000 tires. Standard variable costs per tire follow $12.00 5.10 7.60 Direct materials: 4 pounds at $3.00 Direct labor 0.30 hours at $17.00 Variable production Overhead: 0.38 machine-hours at $20 per hour $24.70 Total variable cosis Flxed production overhead costs Monthly budget $1,385,000 Fixed overhead is applied at the rate of $16 per tire . Actual production costs Direct materias purchased and used: 386,000 pounds at $1.90 Direct labor 22,000 hours at $17.30 Variable overhead: 36,000 machine-hours at $20.40 per hour Fixed overmead S 733,400 380,600 34,400 1,402,000 Required: a. Prepare a cost variance analysis for each of the variable costs for Maple Leaf Productions. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Actual costs Actual inputs at standard price Flaxible budget Price variance Emciency vaniance Cost vanance b. Prepare a fixed overhead cost variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)