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Prepare variance analyses for the variable and fixed costs. Note: 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. Standards have been computed based on a master budget activity level of 20,650 direct labor-hours per month. Actual activity for the past month was as follows: Required: a. Prepare variance analyses for the variable and fixed costs. b. Complete the following table with the total variance for a resource. Complete the following table with the total variance for a resource. Note: 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