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. Standards Direct materials Direct labor Variable overhead (per direct labor-hour) Fixed overhead (per month) Expected activity (direct labor-hours) Actual results Direct material (purchased and used) Direct labor Variable overhead Fixed overhead Units produced (actual) $48 $370,640 6,560 Mountain Mist 3 ounces at $14.60 per ounce 5 hours at $60.40 per hour 4,000 ounces at $14.40 per ounce 4,990 hours at $63.00 per hour Valley Stream 4 ounces at $17.20 per ounce 6 hours at $80 per hour $53.40 $399,360 7,800 4,500 ounces at $19.50 per ounce 7,500 hours at $84.60 per hour $263,550 $325,950 1,090 units $387,510 $399,300 1,240 units Required: a. Prepare a variance analysis for each variable cost for each product. b. Prepare a fixed overhead variance analysis for each product. (For all requirements, 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.)