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Please help CoursHeroTranscribedText: You have just been hired by FAEi Corporation. the manufacturer of a...

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Accounting

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CoursHeroTranscribedText: You have just been hired by FAEi 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. After much effort and analysis, you determined the following co st formulas and gathered the following actual cost data for March: Cost Formula Actual Cost in March Utilities $16,200 + $0.19 per machine 8 3.420 hour Maintenance$30.600 + $1.30 per machine- 8 55.000 hour Supplies $0.40 per machinehour S ?.000 Indirect $94,600 + $2.00 per machine- 8 131.500 labor hour Depreciation $68,300 8 ?0,0 00 During March. the company worked 16.000 machine-hours and produced 10,000 units. The company had originally planned to work 10.000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March

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