Check my work 3 You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. 25 points After much effort and analysis. you determined the following cost formulas and gathered the following actual cost data for March: eBook Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,700 plus $0.17 per machine-hour $38,500 plus $1.90 per machine-hour $0.70 per machine-hour $94,900 plus $1.80 per machine-hour $68,000 Actual Cost in March $ 22,750 $ 79,800 $ 17,380 $149,800 $ 69, 700 Print References During March, the company worked 23.000 machine-hours and produced 17.000 units. The company had originally planned to work 25.000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2 Calculate the spending variances for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the activity variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) FAB Corporation Activity Variances For the Month Ended March 31 Utilities Maintenance Check my work 3 Requlred: Calculate the activity variances for March. 2. Calculate the spending variances for March. 25 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 eBook Calculate the activity variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Print FAB Corporation Activity Variances For the Month Ended March 31 References Utilities Maintenance Supplies Indirect labor Depreciation Total Check my work 3 Required: 1. Calculate the activity variances for March. 2 Calculate the spending variances for March. 25 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 eBook Calculate the spending vari Required 2 (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" fol no errect (.e., zero variance). Input all amounts as positive values.) Print FAB Corporation Spending Variances For the Month Ended March 31 References Utilities Maintenance Supplies Indirect labor Depreciation Total