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Problem 9.18(Algo) Activity and Spending Variances [L09.1, L09.2, LO9.3] You hove just been hired...

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Accounting

Problem 9.18(Algo) Activity and Spending Variances [L09.1, L09.2, LO9.3]
You hove just been hired by FAB Corporstion, the monufacturer of a revoltionary new garage door opening device. The prestident
osked you to review the compory's costing system and "do what you cen to help us get better control of our monufocturing oveh hesd
costs:" You find the compuny has never used a flowble budget, and you sugpets preporing such a budget woutd be en excetlent first
sep in overhesd plening and control
Aher much ellort and enalysis, you estimated the following cost formulas and gathered the following octual cost duta for March:
Duing March, the company worked 16,000 machine - hours and produced 10,000 units. The company orlginaly plamed to work 18,000
mochine-hours during March.
Requitiet:
1 Colculate the activily variances for Morch.
2 Colevlete the spending variances for Morch.
Complete this question by entering your answers in the tabs below.
Requred 1
Caloulat the actility varlances for Murch.
Tero viriasce, ireia al amourts as poitive values.
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