Exercises $15-28($Static$)$ Flexible Budget and Variances for Depreciation $[$LO $15-1,15-2]$

Clark Company$$s master budget includes $$360,000$ for equipment depreciation. The master budget was prepared for an annual volume of $120,000$ chargeable hours. This volume is expected to occur uniformly throughout the year. During September, Clark performed $9,000$ chargeable hours and recorded $$28,000$ of depreciation.

Required:

Determine the flexible$-$budget amount for equipment depreciation in September.

Compute the spending variance for the depreciation on equipment. Was the variance favorable $($F$)$ or unfavorable $($U$)?$

Calculate the fixed overhead production volume variance for depreciation expense in September. Was this variance favorable $($F$)$ or unfavorable $($U$)?$