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: Mountain Mist 3 ounces at $14.90 per ounce 5 hours at $60.10 per hour $48 $365,864 6,640 Valley Stream 4 ounces at $17.10 per ounce 6 hours at $77 per hour $53.10 $399,360 7,800 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) 4,800 ounces at $14.10 per ounce 5,070 hours at $60.50 per hour $267,550 $333,950 1,060 units 4,600 ounces at $18.75 per ounce 7,470 hours at $81.60 per hour $395,510 $405,500 1,210 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.) Mountain Mist Price Variance E fficiency Variance Valley Stream Price Variance Efficiency Variance Direct materials Direct labor Variable overhead 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.) Mountain Mist Price Variance Production Volume Variance Valley Stream Production Volume Price Variance Variance Fixed overhead