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) $ 8,600 Power ( $8.80 per machine-hour) 8,800 11,300 9,900 Salaries Equipment depreciation $38,600 Total Actual results for the month were: Actual number of machine-hours 1,200 $10,290 $10,860 $11,690 $ 9,990 Supplies Power Salaries Equipment depreciation The spending variance for power costs in the flexible budget performance report for the month should be: Multiple Choice $300 U $2,060 F $2,060 U $300 F