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 Mountain Mist Valley Stream Direct materials 3 ounces at $14.6e per ounce 4 ounces at $17.20 per ounce Direct labor 5 hours at $60.40 per hour 6 hours at $80 per hour Variable overhead (per direct labor-hour) $48 $53.40 Fixed overhead (per month) $370,640 $399, 360 Expected activity (direct labor-hours) 6,560 7,880 Actual results Direct material (purchased and used) 4,080 ounces at $14.40 per ounce 4,588 ounces at $19.50 per ounce Direct labor 4,999 hours at $63.00 per hour 7,589 hours at $84.60 per hour Variable overhead $263,550 $387,510 Fixed overhead $325,95e $399, 300 Units produced (actual) 1,898 units 1,248 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 verlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.) Direct materials Direct labor Variable overhead Mountain Mist Price Variance Efficiency Variance $ 800 F $ (10.658) $ (12,974) F $ 22.080F $ Valley Stream Price Variance Efficiency Variance 10,350 S 7.912F (34.500) S (4.800) F S (3.204) U s Price Variance Production Volume Variance Price Variance Production Volume Variance Fixed overhead 60 F