Moncrief Corporation bases its budgets on machine-hours. The company's static planning budget for July appears below: Budgeted number of machine-hours 1,000 Supplies ( $8.60 per machine-hour) Power (@ $8.88 per machine-hour) Salaries Equipment depreciation Total 8,600 8,800 11,3ee 9,900 $38,60e Actual results for the month were: Actual number of machine-hours Supplies Power Salaries Equipment depreciation 1, 280 $10,290 $10,860 $11,698 $ 9,990 >11,by 9,990 Equipment depreciation The spending variance for equipment depreciation in the flexible budget performance report for the month s hould be: Multiple Choice $90 F $1,890 F $1,890 U