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Lotson Corporation bases its budgets on machine-hours. The company's static planning budget for May appears below: Budgeted number of machine hours 9,600 Supplies Power S8.70 per machine hour Salaries Equipment depreciation Total S1.10 per machine hour$10,560 83,520 13,440 116,160 $223,680 Actual results for the month were: Actual results the month Actual number of machine hours Supplies Power Salaries Equipment depreciation 9,900 $10,290 $87,680 $13,280 $116,480 T he spending variance for equipment depreciation for the month should be: $320 F $3,310 U $320 U $3,310 F