Sweetwater Company manufactures two products, Mountain Mist and Valley Stream. The company prepares its master budget on the basis of standard costs The following data are for March Direct labor Variable overhead (per drect labor-hour) Fixed overhead (per month) Expected activity (direct labor-hours ounces a $14.50 per ounce 5 hours at $60.50 per hour 548 $366,606 6,570 4ounces at $17 30 per ounce 6 hours at $81 per hour 553 50 $399.360 800 Actual results Direct material (purchased and used Direct labor Variable overhead Fixed overhead Units produced (actual) 4,100 ounces at $13.50 per ounce 5,000 hours at $63 25 per hour $266,550 5326.950 1,100 units 4,600 ounces at $1975 per ounce 7,510 hours at $85.60 per hour 388 510 5399.400 1,200 units Required a. Compute a variance analysis for each variable cost for each product. (Do not round intermediate calculations. 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.) Direct materials Direct labor Variable overhead $ 30.250 24,000 5 34.546 $ 13.275 13,750 $ 25,110 S 26,550 $16,585 b. Compute a fixed overhead variance analysis for each product. (Do not round intermediate calculations. 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.) Price Variance Price Variance Fxed overheadS 39.656 59,706 30,720