Please do not give solution in image format thanku Boyne University offers an extensive continuing education program in many cities throughout the state. For the convenience of itsfaculty and administrative staff and to save costs, the university operates a motor pool. The motor pool's monthly planning budget isbased on operating 19 vehicles, however, for the month of March the university purchased one additional vehicle. The motor poolfurnishes gasoline, oil, and other supplies for its automobiles. A mechanic does routine maintenance and minor repairs Major repairsare performed at a nearby commercial garage.The following cost control report shows actual operating costs for March of the current year compared to the planning budget forMarch.Boyne University Motor PoolCost Control ReportFor the Month Ended March 31MilesAutosGasolineOil, minor repairs, partsOutside repairsInsuranceSalaries and benefitsVehicle depreciationTotalMarch Actual57,30020$5,8005,2758201,4508,6103,900$ 25,855 $ 24,644The planning budget was based on the following assumptions.e. $8,610 per month for salaries and benefits.f $195 per automobile per month for depreciationPlanningBudget49,30019a. $0.11 per mile for gasoline.b $0.10 per mile for oil, minor repairs, and partsc $34 per automobile per month for outside repairs.d. $70 per automobile per month for insurance.GasolineOil, minor repairs, partsOutside repairsInsuranceSalaries and benefitsVehicle depreciationTotalBoyne University Motor PoolSpending VariancesFor the Month Ended March 31$5,4234,930646(Over) UnderBudget1,3308,6103,705$ (377)(345)(174)(120)The supervisor of the motor pool is unhappy with the report, claiming it paints an unfair picture of the motor pool's performanceRequired:"U" for1. Calculate the spending variances for March (Indicate the effect of each variance by selecting "F" for favorable, "U"unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)(195)$ (1,211)

Spending Variance :— It is the difference between actual cost and flexible cost. Flexible cost :—…

Boyne University offers an extensive continuing education program in many cities throughout the state. For the convenience of its faculty and administrative staff and to save costs, the university operates a motor pool. The motor pool's monthly planning budget is based on operating 19 vehicles, however, for the month of March the university purchased one additional vehicle. The motor pool furnishes gasoline, oil, and other supplies for its automobiles. A mechanic does routine maintenance and minor repairs Major repairs are performed at a nearby commercial garage. The following cost control report shows actual operating costs for March of the current year compared to the planning budget for March. Miles Autos Gasoline Boyne University Motor Pool Cost Control Report. For the Month Ended March 31 Oil, minor repairs, parts Outside repairs Insurance Salaries and benefits Vehicle depreciation Total March Actual 57,300 20 $ 5,800 5,275 Planning (Over) Under Budget Budget 49,300 820 646 1,450 1,330 8,610 8,610 3,900 3,705 $ 25,855 $ 24,644 The planning budget was based on the following assumptions. a $0.11 per mile for gasoline. b $0.10 per mile for oil, minor repairs, and parts c. $34 per automobile per month for outside repairs d. $70 per automobile per month for insurance. e $8,610 per month for salaries and benefits. f $195 per automobile per month for depreciation Gasoline O, minor repairs, parts Outside repairs Insurance Salaries and benefits Vehicle depreciation Total Boyne University Motor Pool Spending Variances For the Month Ended March 31 19 $ 5,423 4,930 The supervisor of the motor pool is unhappy with the report, claiming it paints an unfair picture of the motor pool's performance Required: "U" fo 1. Calculate the spending variances for March (Indicate the effect of each variance by selecting "F" for favorable, "U" unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) $ (377) (345) (174) (120) e (195) $ (1,211)